The eight franchise cities (Johannesburg, Pretoria, Benoni, Bloemfontein, Durban, Port Elizabeth, Stellenbosch and Cape Town) were confirmed, as too were the owners. As per it, owners of Kolkata Knight Riders and Delhi Daredevils have chose to expand their base in south Africa as as also owners of Lahore Qalandars and Peshawar Zalmi from PSL.
"On behalf of all of us from Knight Riders, congratulations to Cricket South Africa for the launch of exciting new T20 Global League".
There's a significant IPL flavour to the new competition, with the respective owners of Kolkata Knight Riders (Bollywood star Shah Rukh Khan) and Delhi Daredevils (GMR Group) announced as having won the rights to the Cape Town and Johannesburg franchises respectively.
South African batsman J P Duminy has been allotted as the marquee player for the Cape Town Knight Riders. Benoni's team is owned by Javed Afridi, the owner of Peshawar Zalmi in the Pakistan Super League.
The city of Durban will see their local marquee in Hashim Amla.
Channel 2 Chairman Ajay Sethi has been handed the ownership of team belonging from Port Elizabeth. The South African league promises to be a great extravaganza and we are thankful to Cricket South Africa for making us part of the new phenomenon.
Quinton de Kock, seen batting for the Proteas against Ireland at Sahara Park Willowmoore past year, is the marquee Protea player for the new Benoni-based T20 Global League franchise side which was purchased by Pakistani businessman Javed Afridi.
"We are certain that our final eight owners have the flawless combination of strategic insight and passion needed to make the first T20 Global League a complete success", said Cricket South Africa president Chris Nenzani said.
"The announcement of the team owners is a key milestone to successfully launch our T20 Global League".
Eight global marquee players will be entered into a mini-draft with the highest bidding franchise owner having the first pick and the rest following the same process.
According to the Cricket South Africa (CSA) press release, close to 400 players from 10 countries could be part of the player draft.
England's Jason Roy and Eoin Morgan, West Indies' Chris Gayle along with former cricketers Kevin Pietersen and Brendon McCullum have been named as marquee players for the tournament with the draft set to be conducted in August.