The period between September 25 and October 11 has been fixed for holding the Twenty20 Champions League tournament in 2009.

The cricket boards of India, Australia and South Africa, joint founders of the League, have decided that as compared to December 3-10, 2008 tournament featuring eight teams, the 2009 edition would have 12 teams, who will play 23 matches during prime Indian festive season, according to a statement on Cricket South Africa's website.

The venues and commercial partnership details of the coming first edition in December, for which the reigning winners and runners-up from the domestic T20 competitions in India, Australia and South Africa, along with English T20 winners Middlesex and Pakistan's champions of this format (to be held next month) have been invited, would be finalized soon, it said.

The inaugural competition carries a total prize fund of $6 million with the winners taking home half of it and the spoils would be shared between the teams and their players, it added.

The Governing Council of the event, together with its founding cricket boards, are of the opinion that significant prize money to be shared by the teams and players will ensure that the benefits of the event will foster cricket's development by injecting new funds into domestic level cricket.