• Wednesday, April 24, 2024

HEADLINE STORY

Delhi Capitals partners with Satya Nadella to buy stake in Seattle franchise

By: Chandrashekar Bhat

Delhi capitals have bought a stake in the Seattle franchise of a new Twenty20 tournament in the United States as Indian Premier League (IPL) teams continue to expand their global footprint.

Delhi Capitals co-owner GMR Group has partnered with a group of investors that includes Microsoft Corp’s India-born CEO Satya Nadella to run Seattle Orcas in Major League Cricket (MLC), which begins in July.

The Capitals already owns teams in men’s T20 leagues in South Africa and the United Arab Emirates as well as in the Women’s Premier League in India.

“We see America as the new frontier for cricket’s growth globally, and the Pacific Northwest provides an incredible opportunity for us to bring the resources of GMR Sports to the region …” Kiran Kumar Grandhi, Managing Director and CEO of GMR Group, said in a statement on Thursday (16).

Delhi’s IPL rivals Kolkata Knight Riders, one of the early investors in MLC, own the Los Angeles franchise and are also building a 10,000-capacity stadium in southern California.

Mumbai Indians have bought the MLC’s New York franchise while Chennai Super Kings have teamed up with a local investor to acquire the Texas franchise, ESPNcricinfo website reported.

The inaugural edition of the six-team MLC tournament will be played between July 13-30 in Dallas.

(Reuters)

Related Stories

Loading