Playing Champions League Cricket is the difference between having a good financial year and breaking even, Western Province Cricket Chief Executive Officer (CEO) Professor Andre Odendaal said on Monday.
The Cobras will take part in the 2014 edition of the tournament, which gets underway in September, after making it to the final of the domestic T20 competition.
The CEO says they are hoping the team can win the title this time around.
“The prize money now with the rand-dollar exchange rate is R25 million, if you win, of which the players get half. We reached the semi-finals in the first ever Champions League in 2009 and I think [coach] Paul [Adams] would like to go all the way this time.”
The Cobras will welcome three new players to the franchise for the new season.
Bowler Mthokozisi Shezi will join the Cobras from the Dolphins.
Youngster Clyde Fortuin has joined the squad after winning the Under 19 World Cup with the Junior Proteas.
Sybrand Engelbrecht also makes a return to the team after spending a few seasons out of the spotlight working on his skills.
Bowler Aviwe Mgijima has been awarded with a contract after some good performances.
“Mthokozisi did very well in the T20 tournament, bowling his fast-medium left-arm over. Young Clyde Fortuin was a star at the under 19 level as a wicket-keeper batsman,” Odendaal added.