Shah Rukh Khan all set to purchase a team in the South African T20 league

After a successful stint in the Indian Premier League (IPL) and the Carribean Premier League (CPL), Shah Rukh Khan is all set to buy a team in the South African League, which is set to kick off later this year. The name of the South African League is called as T20 Global League South Africa, where the Bollywood superstar has placed a bid to buy a franchise.

The eight franchise owners will be known when it will be announced at the Lord’s Cricket Ground on June 19. Kolkata Knight Riders (IPL) and the Trinbago Knight Riders (CPL) are the two franchises currently owned by the Bollywood star.

SRK’s Brand Image:

As per the reports on Mirror, it is learned that SRK’s sports management has been in talks with Cricket South Africa (CSA), with the actor showing interest in either of Cape Town or Johannesburg. CSA have put Johannesburg (two teams), Bloemfontein, Pretoria, Port Elizabeth, Durban and Cape Town (two teams) for sale.

The initiative was taken by Cricket South Africa, who decided to make use of the brand image of Shah Rukh Khan to increase the fan base even in India, a couple of months ago. Roping the actor would not only increase its base in India but also in South Africa where the actor’s fan base is prevalent.

With Johannesburg’s street filled with the posters of the actor, CSA saw this as an opportunity to kick off the tournament with a bang. As per the Mirror, it is understood that SRK recently sent his agent to South Africa for discussion with CSA chief executive Haroon Lorgat. The talks certainly centered around what franchises such as KKR could bring to the table to the tournament and what they deserve in return.

The CSA offers a Tier 1 city (Jo’burg and Cape Town) for $ 50 million to be paid over a period of 10 years ($ 5 million a year) and Tier 2 cities for $ 30 million ($ 3 million a year). The salary cap has been pegged at $ 1.5 million (about Rs 10 crore) a year. In the IPL, it is Rs 66 crore a year.