Australia launches IPL-style T20 league

Australia cricket bosses welcomed the splashing of huge dollars by Indian billionaires, in the IPL-style Big Bash League starting in 2012.

updated: October 29, 2010 08:43 IST
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Cricket Australia on Friday approved overseas private investments in its revamped IPL-style Twenty20 tournament from next year, paving the way for Indian companies and individuals to become minority stake holders of the teams.

Announcing the launch of Big Bash Bash Twenty20 League from 2011-12 after the Cricket Australia Board meeting here, CA chief executive James Sutherland said minority private ownership of franchisees has been approved and the process of seeking expressions of interest will start after working out the details.

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