Cricket South Africa (CSA) has confirmed that the inaugural edition of Global T20 League has been postponed to next year in an embarrassing climb-down for the organisation after creating a lot of expectation.
The tournament was all set to kick-off on 3rd November after a 16-round draft process was employed to pick the squads for the eight franchises - Bloem City Blazers, Benoni Zalmi, Cape Town Knight Riders, Durban Qalandars, Jo'burg Giants, Nelson Mandela Bay Stars, Pretoria Mavericks and Stellenbosch Monarchs that included top players around the world apart from South Africa's leading internationals.
However, the board failed to find a suitable title sponsor and a broadcast package which meant CSA had to lose about $25 million, representing roughly half of the organisation’s cash reserves.
Acting CSA CEO Thabang Moroe confirmed the news in a statement released by the board on Tuesday.
"We have not come to this decision lightly," said Moroe.
"Having discussed it with all our stakeholders including the franchise owners, we believe that the interest of the league should be our first priority.
"We have re-assessed our strategy and believe that postponing the first edition of the T20 Global League to next year will serve us well."
Earlier, former CSA CEO Haroon Lorgat parted away with the South African board following differences in handling of the Global T20 League.
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