If Modi were in the IPL today, you would have seen the league expand to at least 14-16 teams by now. The man had a vision and was unfortunately sidelined by the BCCI.
I also found the idea of a Champions League very exciting. Sad, they shelved it later on. Once Modi was kicked out, the Srinivasan led BCCI tried to get as many as 5 teams into the CL T20- That, I believe was the stagnation point for many,including me. I do hope, we see some format of the CLT20 in the near future. It was an exciting tournament with some great match ups around the world. Perhaps, the ICC could take up the initiative and do what FIFA does with its Club World Cups.