CPL looking for buyer

Sun, Jan 15, '17

In an interesting development coming to hand is that the owners of the Caribbean Premier League (CPL) is allegedly looking for the buyer for the tournament.

With the league expected to get underway in the first week of August, Guardian Media understands that talks are in progress with a potential buyer from India but nothing is concrete just yet. CPL has been pumping money into the product since the inception in 2014 and is yet to turn around a profit.

What they have done though is create a product that is now a viable one and a sale at this point in time could fetch them a handsome amount, to offset the funds they would have pumped into the league.
Only last year, all six teams were picked up by owners and prior to this CPL had to bankroll the teams that had no owners. This cost a handsome amount and with regional governments not coming on board as before because of the current economic climate in the Caribbean, the business model has been struggling.