Two major Franchises terminated from LPL

Sri Lanka Cricket (SLC), as the owner of the Lanka Premier League (LPL), together with The IPG Group, the event rights holder of the LPL, wishes to officially announce that the franchise partnerships of the Colombo Strikers and Jaffna Kings have been terminated.

The IPG Group has formally communicated to SLC that the terminations have been effected due to the respective franchises' failure to fulfill their contractual obligations as stipulated under the agreements entered into at the commencement of their participation in the league.

Consequent to the above, the forthcoming edition of the Lanka Premier League will feature franchises representing Colombo and Jaffna under new ownership.

As the event rights holder, the IPG Group retains the exclusive rights over the LPL franchise teams and, accordingly, is vested with the authority to transfer and/or assign the ownership rights of the said franchises to interested parties.
Sri Lanka Cricket and The IPG Group remain committed to upholding the integrity, standards, and success of the Lanka Premier League and look forward to an exciting upcoming season with renewed participation.