Following his ownership of IPL's🏏 Kolkata Knight Riders, SRK is eyeing🤔 at a more global business venture💸 in the same league now - a stake in the T20 Global League South Africa🌍.
8⃣ franchise owners are to be announced on 19 June at Lord’s Cricket Ground🏟 and SRK is hoping to buy a team in Cape Town or Johannesburg. The teams👥 up for sale are Johannesburg (2⃣ teams), Bloemfontein, Pretoria, Port Elizabeth, Durban and Cape Town (2⃣ teams)
The Tier 1⃣ Cities (Jo’burg and Cape Town) are $ 50 million to be paid over a period of 10 years ($ 5 million a year) while Tier 2⃣ cities are $ 30 million ($ 3 million a year).
The salary cap has been fixed at $1.5 million (about Rs 10 crore) a year💸. Interestingly, in the IPL, it is ₹ 66 crores a year.💰