Chandigarh:The winning team of the forthcoming ICL Twenty20 Cricket tournament would get prize money of Rs 2.50 Crore while the runners up would pocket Rs 1.25 Crore, the tournament organizers announced here.
The Indian Cricket League (ICL) today announced the prize money corpus of Rs. 12.33 Crore for its upcoming 'Edelweiss 20s Challenge' to be held at Panchkula, Gurgaon and Hyderabad.
Announcing the prize money Executive Board Member of the ICL Kiran More told reporters here today that the third placed team would get Rs 50 lakh.
Every league match will be fiercely contested and the financial incentive for every win at the league stage will be Rs. 25 lakh, resulting in total prize money of Rs. 7 Crore at the league stage.
The incentive for individual performance during the 34 matches will be an impressive Rs. 2 lakh for Man of the Match and Rs.40 lakh for the Man of the Series, More said.
Tony Grieg, Executive Board Member, Indian Cricket League (ICL) said that it is a full-filling experience to see the ICL make rapid strikes in terms of growing bigger and better in only its first year of operations.
Multiple venues, additional teams, an improved player base and to top it all, a very impressive prize money to be won, should make the tournament an enthralling experience for both the players and cricket fans, he added.
Two new teams - Ahmedabad Rockets and Lahore Badshahs have also been added to the existing six teams, making the tournament more comprehensive and competitive. The six other teams are Delhi Giants, Mumbai Champs, Hyderabad Heroes, Chennai Superstars, Chandigarh Lions and Kolkata Tigers.