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USACA announces $70m deal for domestic T20 league
- Updated: September 30, 2016
The USA Cricket Association (USACA) has announced a $70 million deal with Global Sports Ventures, LLC, for the licensing rights to a domestic Twenty20 league. The announcement was made on Thursday by USACA president Gladstone Dainty and GSV president and chief executive Jignesh Pandya at a press conference in New York City.
“Global Sports Ventures has entered into a partnership with USACA and it’s a very lucrative one but not lucrative in the sense that it will enrich us but it gives us a chance to survive and to grow,” Dainty said. “What this will do first and foremost, it will ease your pain in the sense that USACA, instead of running you down for dues, dues will be merely something that you will pay just to belong. But every league, every academy etc., USACA will become a resource so that that league or that academy can become a delivery outlet to grow the sport. So basically it can be matching funding, direct funding, facilities development, etc.”
Currently, the USACA remains under administrative suspension by the ICC and has no sanctioning authority for cricket in the USA, including the ability to issue and receive no-objection certificates to and from other member boards. As such, any foreign player participating in a T20 league under the auspices of the USACA could run afoul of their respective member guidelines.
However, Dainty was confident that USACA’s suspension would be lifted soon. The governing body had been given a deadline extension to December 15 to meet 39 terms and conditions for reinstatement. Without commenting on whether or not the USACA has met those guidelines, Dainty felt the board would be vindicated in the near future.
“At this time we feel good in the sense that the CEO of the ICC said that they’ve investigated long and hard, they found nothing and it is our expectation that we will be reinstated without a problem shortly,” Dainty …
