The ascendency of India as an economic world power

Essel Group, the owner of the satellite TV channel Zee, has recently announced that they will organize a special cricket tournament in the Twenty20 format in India. It is also said that in the tournament foreign players and Indian players along with young Indian players will participate. However, Lalit Modi, BCCI vice president, said that BCCI had not got any proposal from Essel yet but BCCI would not allow anyone organize any parallel tournament. The matter of foreign players is a complicated issue too.

International Herald Tribune Sports reported:

"The Board of Control for Cricket in India is yet to receive Chandra's proposal," Modi told The Associated Press.

If the proposal is received, the would look at whether the organizers want to be part of the BCCI system or organize a breakaway series, he said.

"A parallel series would not be allowed," Modi said. The BCCI allows some private groups to organize cricket matches in the country.

Modi also said the participation of Indian or foreign players would require approval from cricket authorities in respective countries.

On Tuesday, Chandra said the new format would have a total of six teams — each comprising four foreign, two Indian and eight young players.

Chandra didn't give the names of the players who would play for his group, which would have an initial corpus of 1 billion Rupees (US$21.73 million, €16.27 million).

However, he also said he did not want to act against the BCCI.