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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.

Alex Rodriguez joins PFL as investor, board of directors member

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Brazilian football clubs open doors to foreign investors

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Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US

Chelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the Premier League club over the war in Ukraine.

Chelsea being sold for $3B to LA Dodgers owners, investors

LONDON: Chelsea will be sold to a consortium fronted by Los Angeles Dodgers part-owner Todd Boehly, ending 19 years of ownership and lavish investment by Roman Abramovich until the Russian oligarch was sanctioned and forced to offload the Premier League club over the war in Ukraine.The sale price of 2.5 billion pounds ($3.1 billion) for the reigning FIFA Club World Cup winners and 2021 European champions is the most lucrative-ever for a sports team worldwide but Abramovich cannot receive the proceeds, which he hopes will go to a foundation for the victims of the war. A further 1.75 billion pounds ($2.2 billion) has been committed to invest in Chelsea’s teams and stadiums after two months of rapid negotiations to sell the west London club since Russia invaded Ukraine.After several rival bids were rejected, Chelsea said Saturday that buyout terms had been agreed with a consortium that features Boehly along with Dodgers principal owner Mark Walter, Swiss billionaire Hansjorg Wyss and funding from private equity firm Clearlake Capital.The Premier League must approve them as the new ownership and the government has to sign off under the terms of the license that allows Chelsea to continue operating as a business through May 31 while being one of Abramovich’s frozen assets.Abramovich has said he would write off loans of more than 1.5 billion pounds ($1.9 billion) to Chelsea but that has been complicated by the sanctions put in place by the British government as part of a crackdown on wealthy Russians with ties to President Vladimir Putin.

Germany's OneFootball raises $300 million from investors

STOCKHOLM : OneFootball has raised $300 million from investors to help fund product development and expand its streaming services as the German football-focused media firm seeks to challenge established TV sports channels.

Tanggapan Pioli Soal Milan Didekati Investor Bahrain

AC Milan sedang didekati oleh investor asal Timur Tengah. Pelatih Rossoneri, Stefano Pioli memberikan tanggapan soal itu.

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Satya Nadella, Shantanu Narayen Among Prominent Investors In US' First T20 League

Satya Nadella, Shantanu Narayen among prominent investors in USA's first T20 league

Alex Rodriguez joins PFL as investor, board of directors member

Brazilian football clubs open doors to foreign investors

Chelsea soccer club being sold to L.A. Dodgers owners, investors for $3B US

Chelsea being sold for $3B to LA Dodgers owners, investors

Germany's OneFootball raises $300 million from investors

Tanggapan Pioli Soal Milan Didekati Investor Bahrain