Verus launches Caribbean Premier League
COVE SPRING HOUSE, Barbados – Verus International on Monday officially launched a new, franchise-based, Twenty20 tournament, “The Caribbean Premier League” (“CPL”).
Present at the launch were West Indies Cricket Board President, Dr Julian Hunte, Chairman and CEO of Verus International, Ajmal Khan, WICB CEO Michael Muirhead and a host of legends of the game, cricket officials and administrators.
Dr. Hunte, along with Mr. Khan formally announced the ground-breaking, licence agreement for the league, which will be played across several countries in the West Indies over a one-month period each year.
Comprising the best of West Indies cricket talent, each franchise team will be built around local Caribbean players complemented by a few international, high-calibre star players from abroad.
“The realisation of the CPL is another landmark of the investor and commercial confidence which has been placed in the WICB and the brand of West Indies cricket,” said Dr. Hunte during his remarks at the media conference.
“The WICB is particularly pleased about the opportunities the CPL will provide to players, but is equally elated with the agreement which will allow for regional retainer contracts for a broad pool of players.”
Dr. Hunte continued: “This will truly allow for cricketers in the Caribbean to pursue their profession as professionals and not as semi-professionals or amateurs.
“This, we at the WICB believe, will allow for the strengthening and development of the game as while the CPL is a Twenty20 league, the benefits that will accrue specifically through the regional retainer contracts and will extend to other formats of the game.”
With the CPL set to be beamed across the World in a high-definition, first-class TV production, the best of Caribbean cricket and lifestyle will be on show.
The CPL will also be a showpiece tourism attraction for the region which WICB and Verus believe will further enhance the Caribbean’s World-renowned tourism product in general and sports tourism in particular.
“We are pleased to announce our long term partnership and investment in the Caribbean here today,” Mr. Khan said.
“We are honoured to be in the position to partner with a region so rich in cricket history and tradition.
“As the T20 World Champions, it is fitting that a high quality, well-financed, franchise-based T20 league be solidified in the West Indies that will showcase the best of its cricket talent.
“In addition to showcasing the Caribbean, the CPL will offer great economic opportunities throughout the region, something we are sure will excite everyone, not just cricket fans.”
The CPL will be announcing its tournament dates, locations and partners in 2013, as well as launching their website shortly.
Verus International is a merchant bank based in Barbados and New York. Founded by Chairman and CEO, Ajmal Khan, Verus invests its capital directly into companies and provides merchant banking and advisory services for a select group of strategic partners.
The Verus team has a global focus on proprietary investment opportunities with resources, expertise and relationships that can be leveraged to create significant value for its portfolio companies and strategic partners. The company also manages the private family office for the Khan family.
● (Verus International Media Release)