GMR and SRK buy franchisees in CSA's Global T20 League
Two IPL team owners — GMR and Bollywood star Shah Rukh Khan —have bought franchises in the Cricket South Africa (CSA)'s eight-team T20 Global League. GMR owns Delhi Daredevils and Shah Rukh Khan is co-owner of Kolkata Knight Riders in the hugely popular Indian Premier League. GMR's team will be based in Johannesburg with young Protea paceman Kagiso Rabada as its marquee player while Khan's outfit will be based in Cape Town with left-handed batsman JP Duminy as the marquee player.
"EY (previously known as Ernst & Young) ran the team owner selection process to ensure integrity, compliance and due diligence was followed throughout the process by both CSA and potential owners," a release said. "Competition was stiff, with more than 150 Expressions of Interest (EOI) received from around the world and a shortlist of heavy hitters to consider, but after rigorous discussions and engagement with each of the potential owners, we are certain that our final eight owners have the perfect combination of strategic insight and passion needed to make the first T20 Global League a success," said Chris Nenzani.