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MUMBAI:
The Essel Group has announced that the Indian Cricket League
(ICL) will have a prize money corpus of $3.08 million (Rs
120.3 million) for its Edelweiss 20s Challenge, which kicks
off tomorrow (9 March).
The
winners of the second edition of the ICL tournament will stand
to gain Rs 25 million while the runner-up will cash in Rs
12.5 million. The third-placed side will pocket Rs 5 million.
The
financial incentive for every win at the league stage will
be Rs 2.5 million, resulting in a total prize money of Rs
70 million at the league stage.
The
incentive for individual performance during the 34 matches
will be Rs 200,000 for the Man of the Match and Rs 4 million
for the Man of the Series.
ICL
executive board member Kiran More Says, "Financial incentive
is an important motivating factor for professional cricketers
and we, at the ICL board, are proud to announce a magnificent
corpus of Rs 120.3 million for Edelweiss 20s Challenge, breaking
new barriers in the history of domestic Indian cricket."
Tony Greig, another ICL executive board member, said: "It
is a fulfilling experience to see the ICL make rapid strikes
in terms of growing bigger and better in only its first year
of operations. Multiple venues, additional teams, an improved
player base and to top it all, a very impressive prize money
to be won, should make the tournament an enthralling experience
for both - the players and cricket fans."
The
tournament concludes on 7 April. It will be held in three
locations Hyderabad, Chandigarh (Panchkula) and Gurgaon.
Two new teams Ahmedabad Rockets and Lahore Badshahs
have also been added to the existing six teams in order to
make the tournament more comprehensive and competitive.
The
matches will air on Zee Sports and Ten Sports. There is a
match every evening and double headers on specific weekends.
Each team will play against each other once in the league
format, followed by semi-finals. The third position classification
match concludes with the best of three match finals.
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