Mumbai:The inaugural edition of Champions League Twenty20 cricket tournament, involving eight teams from five countries, will be hosted by three metro cities - Mumbai, Bangalore and Chennai, between December 3 and 10.
Final of the eight-day-long tournament, which offers USD six million as prize money, including USD three million to the winner, will be hosted by Mumbai, Lalit Modi, Chairman of the Board of Champions League Twenty20 Tournament Lalit Modi announced on Thursday.
The teams participating in the tournament, will be placed under two groups with four sides in each one. Top two sides from each group will qualify for the semifinal round, which will be played in cross-wise basis.
Modi, who unveiled the tournament logo at a function here, said "Champions League will inspire and motivate the future generation of club, state and country cricketers while accelerating development of the game globally."
Modi, who devised the lucrative Indian Premier League, also hoped that the tournament will play a pioneering role as a "feeder league" to the cash-rich IPL.
"IPL is the feeder league to the Champions League and in future there will be similar tournament in other countries," said Modi, also the BCCI Vice-President.
Besides IPL champions Rajasthan Royals and runners-up Chennai Super Kings, the other participating teams are Western Australia Warriors and Victoria Rangers from Australia and Titans and Dolphins from South Africa.
Reigning champions of domestic T20 tournament in Pakistan and England's local tournament runners-up Middlesex will also be participating in the tournament. There will be 15 matches in all, although in the next year there will be 12 teams and 23 matches, Modi said.