After the monumental success of the 2007 T20 World Cup, the shortest format has taken over the cricketing world in an unforeseen fashion. The T20’s were introduced to boost the number of spectators in the domestic games until the Australians played in the first official T20I against New Zealand.
As a result, there was a spike in broadcast revenues across the world. With the introduction of the Indian Premier League (IPL) by the BCCI, the viewership for the format shot through the roof. As a result, India’s apex board grew richer and richer with all the sponsorships it managed to attain.
The growth of T20’s has been further fueled as the result of a few more leagues being introduced by the boards of other countries. With the increase in the amount of revenue being generated, the cash prize for the teams involved also increases.
Here we take a look at the T20 leagues sorted according to the cash prize offered:
5) T20 Vitality Blast
The competition was established by the England and Wales Cricket Board (ECB) in 2003 as the first professional Twenty20 league in the world. It is the most competed Twenty20 competition in England and Wales. This league was launched after the board decided to engage younger fans in fast-paced cricketing action.
The prize money for the champions of the 2020-21 Blast is £175,000 (INR 1.81 cr), while the runner-up gets £78,000. The losing semi-finalists get £14,000 each, while there are special bonuses for the player of the tournament which currently stands at £5000.
