Sydney, Nov 6 (ANI): Cricket Australia has declared that the rich dividends of the Champions League are too important for grassroots cricket, and added that it
will not roll back its commitment to the tournament despite the impact on Test preparations.
Media rights to the club Twenty20 event were sold to ESPN-Star Sports for $900 million in 2008, in a decade-long deal, and CA has a one-third share in the tournament with India (50 per cent) and South Africa (17 per cent).
The annual dividend to CA is about $6 million, The Sydney Morning Herald reports.
This year's event was staged later than usual, running up against Australia's clash with South Africa, because of the ICC World Twenty20 messing with Test preparations.
"We're in Champions League for the long term, and the benefit it creates for Australian cricket is quite significant, and that flows right down to community cricket," a CA spokesman said.
"We're a shareholder in it and we benefit from a share of the media rights and that makes a significant contribution to the financial performance of Australian cricket," he said. (ANI)