King XI Punjab set to acquire St Lucia franchise of Caribbean Premier League, says co-owner Wadia

New Delhi: Kings XI Punjab are set to acquire the St Lucia franchise of the Caribbean Premier League, becoming the second IPL team to own a CPL outfit after Kolkata Knight Riders.

"We are about to sign an agreement to be part of CPL. We are getting the St Lucia franchise. The structure and name of the company will only be communicated after we get the BCCI's approval," KXIP co-owner Ness Wadia told PTI on Monday.

"Mohit Burman (co-owner) is in the Caribbean at the moment to sign the agreement. We want to especially thank the Prime Minister of St Lucia Allan Chastanet for making this possible. We have been pursuing this for almost nine months," added Wadia.