Addressing the media here today, Badminton Association India Treasurer Ashok Bajaj said, "The event had helped youngsters from Tamil Nadu to rub shoulders with prominent foreign players and learnt a lot from them.
"Based on the feedback from last year's success, we decided to host the event this year too offering a total prize fund of Rs 9 lakhs," he said.
The Premier Badminton Extravaganza will involve six teams to compete for the TNBL Cup.
The tournament, which was launched on experimental basis last year, has become bigger this time with the participation of international stars, offering some exciting contests for the aficionados of badminton.
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Six teams -- Chennai Singams, Covai Panthers, Dazzle Force, Erode Eagles, Jhaver Smashers, Ed6 Skillangels -- will play each other on a league basis with matches involving singles, doubles and mixed doubles.
Top four would qualify for the semifinals.
The Olympians in the fray included Chetan Anand of India, South Africa number one Wiaan Viljoen and Ekiring Edwin of Uganda.