Wouldn't it be a hit, just because of the quality that the management will be able to infuse into them. The cricket-loving public would flock to the stadia. After all it's these former cricketers lamenting that the Board is up to no good. They could talk to Prakash Padukone and get some inspiration and tips. They also could go to the US and see first hand how all the National leagues for football, baseball, hockey and basketball are organised.
Cricket is big in India.
There is no reason why a cricket league based on one of the American leagues will not be a success. Rupert Murdoch would definitely be interested or even Kerry Packer. Maybe even Naresh Chandra. So capital should not be a worry. I found it amazing that the BCCI spent more towards getting Dalmiya elected to the ICC than they spent on coaching in a whole year for all age groups combined.