Stellenbosch Hunting for a New Owner

Stellenbosch Fa du PlessisIt could be a case of teething issues for the T20 Global League but they have already lost a franchise owner. Team Stellenbosch will be looking for a new franchise as they head into the Global League Draft that will be held later this month.

After the Cricket South Africa CEO Haroon Lorgat announced the eight franchise owners in a glittering ceremony in London in June, work was on for the next major milestone in the lead-up to the first ever edition of the T20 Global League – the Draft.

Earlier the planned date for the Draft, which will be used to select players, was August 19 but this has been pushed back by at least a week.

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And now, in that time, the CSA will need a find a new owner as well as Brimstone, the previous owners, have decided to back out of the deal. Cricket South Africa confirmed this development and said they will be releasing details on the “way ahead” after this decision.

In a statement released by Brimstone, they said:

Brimstone today announced that it will not be proceeding with the proposed acquisition of a T20 Global League franchise. The consortium led by Brimstone was announced as the successful bidder of the Stellenbosch/Paarl franchise by Cricket South Africa.

Following the announcement in June this year, Brimstone continued its own internal process in regards to the proposed acquisition of the franchise. As a result of this process the company has decided not to proceed with this venture.

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Brimstone was one of the two South African franchises in the T20 Global League, with others coming from Asia. The big question now is not just the demand to arrange for a new franchise for Stellenbosch but also to ensure such a thing doesn’t happen any time in the near future, because that could erode a brand before it has even established itself.

Earlier, according to a report in Cricbuzz, there had been concerns about the financial proprietary of the league, with issues raised in it around the broadcast details for the T20 Global League. With a backing out of a franchise, it only adds to the issues for South Africa but the question now is whether it is a case of teething issues that any new league faces or an endemic that runs deeper.

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