Melbourne, Sep 12 (UNI) After the sale of an eight-day Champions League Twenty20 to ESPN STAR Sports for 900 million dollar, Cricket Australia is expecting a huge financial benefit as they are planning to invest the surplus money for the development of the game at grass-root level.
''We don't get a lot of change back, but there should be dividends and much of that will go to the development of state cricket and the grassroots levels,'' Young said.
The Commercial Rights were won by ESPN STAR Sports yesterday with a bid of 900 million dollars. This makes the Champions League Twenty20 the highest value cricket tournament on a per game basis.
The Board of Control for Cricket in India (BCCI), Cricket Australia (CA) and Cricket South Africa (CSA) are the three associations behind the evolution of the tournament.
According to the unconfirmed reports, BCCI will bag 50 per cent of the revenues arising out of the Champions League, while CA and CSA will spilt the remaining 50 per cent between them.
This year's Twenty20 Champions League runs for just eight days, involving eight teams from Australia, India, South Africa, England and Pakistan. Next year, 12 teams will compete and the tournament extends to 16 days - beyond that, plans are unclear.
Teams will vie for a 6 million dollar prize money, with half awarded to the winner and a minimum 250,000 dollar to each participant.
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