Deloitte report

T20 World Cup Champions: New Zealand Cricket (NZC) will pursue the proposed NZ20 franchise league as the preferred option for its domestic T20 competition to revitalise its 21-year-old Super Smash tournament.

The NZC Board said it has made an in-principle decision to support the establishment of the new league, subject to the satisfactory resolution of key commercial, structural, and governance matters.

"While not a final commitment, the decision allows NZC to focus resources on advancing discussions toward a potential licence and a binding commercial arrangement with the NZ20 league," it said.