The inaugural edition of the International League T20 (ILT20) competition is reportedly set to become the second most lucrative league in the world behind the Indian Premier League.
The new tournament will be staged in the UAE and will be played between January 6 and February 12 next year, meaning it clashes with Australia's Big Bash and South Africa's new T20 competition.
However, the ILT20 is hoping to lure a number of the sport's biggest stars with bumper pay packets for just over a month's work. Among the six teams, three of them are owned by companies who already own IPL franchises, while Manchester United co-chairman Avram Glazer also owns one as the head of Lancer Capital LLC.