Rajasthan Royals (Image: IPL/BCCI)
Rajasthan Royals won the inaugural 2008 Indian Premier League title. However, since then he has struggled to make an impact.
- IANS
- Last Update:June 25, 2021, 5:08 pm IS
- follow us on:
Redbird Capital Partners, a private investment firm that has invested in the company that owns the Liverpool Football Club and the Boston Red Sox baseball team, has acquired a 15 percent stake in the Indian Premier League.IPL) Franchise Rajasthan Royals. The value of the transaction amount signed with the Royals ranges from US$250 million to US$300 million.
London-based venture capitalist Manoj Badale’s investment firm Emerging Media holds a majority stake.
“Such investments are a testament to the IPL and India’s global position as an attractive investment destination,” Badale said.
In an official release posted by Rajasthan Royals, Gerry Cardinale, Founder and Managing Partner, Redbird said, “The IPL is a dynamic league with a forward-thinking mindset around a global audience and fan and player engagement.”
Rajasthan Royals won the inaugural 2008 Indian Premier League title. However, since then he has struggled to make an impact.
Rajasthan Royals Chairman Ranjit Barthakur said, “We are extremely proud to announce this additional investment from our longtime investor Emerging Media and establish a significant association with our new partner Redbird.
get all IPL news and cricket score Here
.