Modi appointed Champions League chairman

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Mumbai: BCCI vice president and Indian Premier League's Chairman and Commissioner, Lalit Modi was on Friday appointed the Chairman of the board of the Champions League Twenty20.

The decision was taken at a meeting of the three founding member boards – the Board of Control for Cricket in India, Cricket Australia and Cricket South Africa, a media release said here on Friday.

Lalit Modi, the Chairman and Commissioner of the DLF Indian Premier League and the guiding force behind the event, is also the President of the Rajasthan Cricket Association.

Lalit Modi was listed among India's 20 most powerful people by India Today magazine. Under his astute and enterprising leadership, the BCCI's revenues have increased seven-fold since he joined the board in 2005.

In the August 2008 issue of the leading British sports magazine Sports Pro he is ranked number 17 in the Power List of Global figures connected with sports.

He was also featured on the cover page of the magazine in its July issue. He is further hailed as the Best Rain Maker (money maker) for any sports body in the history of sports globally. In the short time that he has been a sports administrator he has raised over US $ four billion for his organisation.

The inaugural Champions League Twenty20 season will be held from December 3 to 10, 2008 where eight teams are expected to take part.

The second edition of the tournament will be contested by 12 scheduled to be held from September 25 and October 10, 2009.

The prize money of US $ 6 million, will be shared between the teams and their players. The Governing Council of the event together with its founding cricket boards believes that the significant prize money to be shared by teams and players will ensure that the benefits of the event will foster cricket’s development by injecting new funding into domestic-level cricket.

At the same time will handsomely reward domestic-level cricketers and provide a unique opportunity for a higher public profile for players at the level below international cricket.