The West Indies Cricket Board (WICB) stands to benefit to the tune of US$4.5 million per year from their deal with Verus International, the owners of the Caribbean Premier T20 League (CPL).
This was revealed by the WICB director Baldath Mahabir.
The T&T representative to the WICB said: “The West Indies Cricket Board was running the regional T20 tournament and was losing US$3M a year because there were no sponsors. Now with this deal with the CPL we have our players playing good quality T20 cricket and the WICB don’t have to fork out the US$3M to stage it.
“On the other hand CPL will pay the WICB a license fee of US$1.5M per year, so in effect the value of the deal will worth US$4.5M to the WICB.
The CPL which has replaced the Regional T20 tournament will officially bowl off on July 30 and will have six teams coming from T&T, Barbados, Jamaica, Antigua, Guyana and St. Lucia.
Each franchise will play seven matches, three at home, three away and one at a neutral venue.
The semi-finals and finals will be played in Trinidad and Tobago.
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