Mumbai, April 11 The apex council of the Mumbai Cricket Association (MCA) approved a corpus of Rs 100 crore on Saturday, along with the introduction of the MCA Champions Trophy as a prelude to its T20 Mumbai League.
The corpus aims to ensure the long-term financial stability and sustainability of all affiliated clubs, the MCA said in a release.
"The corpus will support clubs in maintaining facilities, developing young talent, and enhancing operational capabilities, thereby safeguarding the future of the sport at the club level," it said.
The MCA Champions Trophy will be an eight-team tournament and will feature top-performing players who will be selected from a pool of registered players for the league.
The competition aims to identify and prepare talent for the T20 Mumbai League.
"The MCA Champions Trophy is scheduled to commence from April 20th and is expected to play a crucial role in elevating the quality and competitiveness of the upcoming T20 Mumbai League," the association said.
MCA president Ajinkya Naik said, "Our objective is to empower clubs with the resources they need to nurture talent and maintain high standards of infrastructure."
"The introduction of the MCA Champions Trophy further strengthens our pathway for players, ensuring that the best talent is identified and groomed ahead of the T20 Mumbai League," he added.