The four players have become co-owners and stakeholders in the tournament.
The tournament will include domestic cricketers from Canada and aims to attract international cricketers - in much the same way that the Caribbean Premier League, Indian Premier League and the Big Bash already do.
The 10 teams - yet to be decided - will be split into two conferences, East and West, with the respective conference champions meeting in a grand final.
"I fully support the growth and development of international-calibre T20 cricket through the Canadian Premier League and the direction being taken by Roy Singh, the League’s founder and CEO," Ramdin said in a press release posted on the Canadian Premier League's website (www.cplt20.ca).
"Roy has the vision, determination and drive to make this League truly successful and sustainable and I am thrilled to be coming onboard as part of such a pioneering venture for the North American market," he added.
The Canadian Premier League has as its main goal the expansion of cricket in Canada and plans are in place to build a 35,000-capacity covered cricket stadium where matches will be hosted.
"CDN$700 million has already been raised for this," Singh says.
"With this financing we can now move to the next phase of selecting a site and securing further investors for this ambitious project.
"It’s incredible to think there isn’t a stadium anywhere in North America where an internationally-sanctioned cricket match can be played.
"My vision is to change this with a world-class show for what we anticipate will be a world-wide television audience."
© Cricket World 2014