Cricket Australia (CA) has made it clear that it doesn’t intend to roll back its commitment on the Champions League T20, despite the tournament affecting its Test preparations against South Africa, insisting that the money generated by the meet is important to develop the game at the grass-root level.
Media rights of the T20 event were sold for $900 million in 2008, in a decade-long deal, and the CA has an one-third share in the tournament. India has a 50 per cent share while South Africa has 17 per cent. The annual dividend to CA is about $6 million.
“We’re in Champions League T20 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 was quoted as saying by an Australian daily.