The Caribbean Twenty20 was created to fill the gap left by the end of the Stanford 20/20 and to coincide with the 2010 Champions League Twenty20 tournament, which started less than two months after.

The top domestic team from the Caribbean Twenty20 tournament qualified for the Champions League as the sole representative of the West Indies.

[4] On 13 December 2012, the WICB announced that they had finalised an agreement with Ajmal Khan[6] founder of Verus International, a Barbados-based merchant bank, for the funding of the new franchise-based Twenty20 league to be launched in 2013.

This unusual format occurs because all six teams are co-located at a single playing site for five sequential matches, then the whole tournament moves to a new location for five more games, and so on.

[14][15] Trinbago Knight Riders who defeated St Lucia Zouks in the final of 2020 Season to secure their fourth CPL title and winning back-to-back championships.

[16] The current champions are the Guyana Amazon Warriors who defeated Trinbago Knight Riders by 9 wickets to win their first CPL title.

† Team now defunct Caribbean mobile network Digicel was named as the first global sponsor for the inaugural 2013 tournament and beyond in a multi-year deal.

[20] Following the acquisition of the Guyana Amazon Warriors franchise owner, Dr. Ranjisingh 'Bobby' Ramroop's New GPC Inc, specifically its Limacol brand, has assumed the title sponsorship of the CPL.