PORT-OF-SPAIN, Trinidad, CMC- The Trinidad and Tobago franchise in the upcoming Caribbean Premier League (CPL) T and T Red Steel is being sold for TT 12 million dollars, the local media has reported.
A number of persons are reported to have shown an interest in the franchise although no sale agreement has yet been reached.
So far, only Guyana Amazon Warriors have found an outright purchaser, while it is believed that St. Lucia Zouk is about to close a purchasing deal.
Franchises unsold in the first year, will be handled by the organisers.
However, those with owners will see the players benefitting financially through incentives.
Six franchises are taking part in the first ever CPL which begins on July 30 with the opening ceremony and opening game between Barbados Tridents and St Lucia Zouk.
Red Steel will go into action on July 31 against Amazon Warriors at the National Stadium in Providence, Guyana.