Money will buy the current existing pros for a few seasons but to truly replace or compete the current set up they would need to hook into cricket at grassroots level (village, club) and domestic professional set up. This would allow them access to the up and coming talent. A set up like this would help the players in that they will get full season of competitive cricket and not just one tournament a year as they would be banned by the ICC and their national board from playing in the current domestic pro circuit.
Though I do like the idea of having two conferences one with ICC teams and one with Chandra teams and having re World Cup or championship with top 6 teams from both set ups.