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Satya Nadella, Shantanu Narayen Among Prominent Investors In US' First T20 League
In a significant push to popularise cricket in the US, a USD 120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced Thursday that it has completed an initial close of a USD 44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders.
Satya Nadella, Shantanu Narayen among prominent investors in USA's first T20 league
cricket in the US, a USD 120 million funding has been secured from prominent Indian-American business leaders, including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, to launch the first professional T20 league in the US. Major League Cricket (MLC), the first professional Twenty20 Cricket League in the US, announced on Thursday that it has completed an initial close of a USD 44 million Series A and A1 Fundraising Round led by a group of America's leading business leaders. It said that with an additional commitment of USD 76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than USD 120 million to launch the country's first-ever professional T20 league. The investor groups for the Series A and A1 Fundraising Round, which includes MLC's seed funding round, were led by Nadella among others. "The significant funding committed by an outstanding group of investors will allow Major League Cricket to build first-class facilities and accelerate the sport's development across the country, bringing world-class professional cricket to the world's largest sports market,” Major League Cricket co-founders Sameer Mehta and Vijay Srinivasan said.
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