Subhash Chandra, who heads the Essel Group, owners of the Zee brand, has announced a breakaway cricket series called the Indian Cricket League (ICL). The Essel Group will invest Rs 100 crore (US$ 23 million approx) in the project, which will run parallel to the leagues and tournaments of the Board of Control for Cricket in India.
- 6 teams or clubs to play in the opening year
- Talks on with BCCI for gaining access to stadiums
- Executive Board of the league under installation
- Pool of referees and umpires to be created
- Rules committee to form regulations for ICL
- Ombudsman to look into grievances of players
- League to begin with Twenty20 format and move to ODI format
- League to be a joint venture between Essel Group and ILFS Group
- Each team to have a mentor, media manager, psychologist, physio
- Prize money for the winner- US$ 1 million
- League teams to compete with teams internationally
- Number of teams to be increased from 6 to 16 in three years
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