CSA members

The board of members of Cricket South Africa has voted unanimously to launch a T20 league this year. The tournament, which will replace the T20 Global League postponed for 2017, will include six teams, consisting of a league phase of 30 matches, a qualifying match and a final, and will be played from November 9 to December 16.

No further details about the competition yet, such as where the teams will be located or how many international players will participate, but the dates mean that renowned players from South Africa will not be able to participate in everything. The South African ODI squad will tour Australia from October 31 to November 17, and discard them at least during the first 10 days of the new competition.

The sponsors and a station must also be confirmed, although the television channel SuperSport which last month withdrew a 49% stake in a T20 league, is expected to evaluate the matches. CSA will assume the costs of the tournament alone, without mentioning any private property at this stage.

Four of the eight owners of the original GLT20 reserved their rights to the equipment and threatened CSA with legal action if another competition was carried out without them. That, however, did not prevent the membership council, a committee formed by the 14 provincial affiliated presidents, as well as the president and vice president of CSA, from agreeing to launch the league this summer.

"Chief Executive Thabang Moroe and his management team have come up with a business model that is financially viable and promises an exciting and long-term future that meets all the conditions set by the CSA Board of Directors," said Chris Nenzani, president of CSA. 19659002] For now, it looks like CSA has the cash reserves to fund the league. At the AGM, held on the same day as the member council meeting, CSA's revenues for the last financial year were reported at R 1.5 billion (USD 98.44 million) and its earnings amounted to R 350 million (USD 22.97). million), after a season in which South Africa hosted both India and Australia. In general, the CSA bank balance amounts to R 627 million (USD 41.15 million) despite the losses amounting to more than USD 14.1 million after the aborted GLT20. Nenzani stated that CSA is in a "very healthy financial position", but that can change if the organization is forced to meet with former owners of GLT20 in the room.

Nenzani noted that CSA acted in the way that it believed best for the game when it postponed the tournament and moved the property from being foreign to local and finally internal. "We will never manage cricket in a way that is not in line with good corporate governance," he said. "This is a problem of sustainability, as leaders, we felt comfortable that we had to postpone the T20 League in order to maintain the game in this country, which is our key mandate."

While CSA has faced severe public criticism of its handling of the postponed tournament, South African sports minister Tokozile Xasa, who was present at the AGM, praised CSA for its "good corporate governance and the progress of the transformation" . Xasa said that CSA is used "as an example of the best practice for all of our codes to move in the right direction for both men and women."

The only other business of the AGM was to elect a vice president (the previous candidate, Thabang Moroe, is now the CEO of CSA) and a non-independent board member. None of the posts could be filled on Saturday as most of the votes were not reached. New elections will be held at the next member council meeting.

source:- espncricinfo.com

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