SLPL (Sri Lanka Premier League) which was expected to schedule in July 2011 is now going to take place in August 2012. The official announcement of 2012 SLPL was made by Sri Lanka Cricket on 14th May at a media conference. SLPL is the franchise-based Twenty20 domestic cricket competition in Sri Lanka. The inspiration of SLPL is the Indian Premier League. The reasons behind the delay of the SLPL 2011 are insufficient finances and unavailability of Indian players. On 5th May, a new deal has been signed by Sri Lanka Cricket with Somerset Entertainment Ventures to organize the tournament systematically.