SuperSport today announced that it will not be pursuing a proposed shareholding agreement with Cricket South Africa (CSA) for its domestic T20 tournament.
“This is unfortunate,” said SuperSport CEO Gideon Khobane.
“We reached an in-principle agreement with CSA regarding co-ownership of this event in June this year. Since then, the parties have been engaged in amicable discussions regarding the details of the proposed relationship” added Khobane.
“We have used our best endeavours to reach consensus with CSA around that shareholding model, but this has unfortunately not happened. The discussions on the in-principle shareholding agreement terminated on 23 July 2018”
“We have therefore decided to discontinue negotiations about shareholding. We are, however, engaged in constructive discussions with CSA regarding the broadcast of the event,” concluded Khobane.
Source: Supersport Website