History
Zee Telefilms (part of Subhash Chandra promoted Essel Group) bid for the telecast rights of the biggest international cricket event - 2000 World Cup. Although the highest bid, it was unsuccessful. Subhash Chandra again bid for telecast rights again in 2004 and ended up in an inconclusive court battle. Last March, he bid again for the 2006-10 rights and once again lost. His response: the ICL. “They denied us the cricket content,” says Himanshu Mody, business head of ICL and Zee’s sports channels. “So, we had to create our own content”. On Zee Telefilms announced that it would be partner with infrastructure major IL&FS to create a new ambitious cricket league, Indian Cricket League (ICL). This league will have a prize money of $ 1 million for the winner. ICL was set up with a Rs. 100 crore (Rs. 1 billion) corpus, and would initially comprise six teams to be expanded to 16 in three years. This will make ICL the richest professional league in the country with an annual prize of $1 million (Rs. 4.4 crore). ICL has already signed a number of major players but is yet to reveal their names. On July 24th, some great international names cropped up such as Brian Lara. The ICL has confirmed that Brian Lara and Inzaman-Ul-Haq has signed up and will be joining the league. However, the Pakistan Cricket Board warned its players to stay away from the league. Imran Farhat though chose to opt out of his Pakistan Central contract to sign with the Indian Cricket League. Former captain of the Pakistan Cricket Team Javed Miandad said he is not able to understand why PCB is not allowing its players to play in the league and even threatened players with a lifetime ban.
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