Sherlock Holmes
PlanetCricket's Sherlock Holmes
PlanetCricket Award Winner
Champions League Winner
Avengers
exactly my pointYou're missing the point where in none of these leagues are actually profitable. Heck, the IPL wasn't profitable in the first few seasons too. It took quite some time for the return on investment to pay off. And this was the biggest league that started first with the most backing, glitz and pizazz. Imagine a league in another country where the demand is not even the same.
To point out an example, the Mzansi Super League which was the brainchild of the CSA was at first an abject failure that did not even get a name in it's first attempt. The second one was the MSL. And I don't think it received a proper broadcasting deal which meant that it was put on Free-to-air TV without CSA receiving any money. The latter actually resulted in it garnering some interest locally in all honesty. The league was also postponed this year because they did not have the finances to conduct it in this year. That should tell you how financially unstable the entire operation is, what every one of these leagues are doing is trying to get in interest early with massive investments so that it pays off later at a future date. I'm not sure if you've read it, but if you haven't you ought to read Cricket 2.0 which explores this concept in greater detail. Most of these leagues simply are hemorrhaging money on an unsustainable basis that they hope pays off one day.
And this isn't just the end, due to this there are people involved in these leagues who frequently are paid late or underpaid/not paid at all. Sometimes even the cricketers aren't paid properly which is when they resort to fixing attempts under the table. The latter hasn't been reported yet in the higher profile leagues but with the current pandemic affecting finances, it is only a matter of time before we get such reports from the higher levels of cricket too.
it is their strategy which is lacking to duplicate a t20 league
even if they make amendments to the cricketing structure of the league, they still wont be profitable as their model itself isnt on point