For the first time, a share of a IPL team has been bought by a foreign company. The company name is Redbird Capital Partners. They have recently bought a 15% share of market of Rajsthan Royals, an IPL team who are the champion of first IPL tournament in 2008. To say more that, this company has a noticeable share of market of Liverpool football club in English Premier League. They bought the share by three crore and 75 lacks usd. Obviously it is a good price.
IPL is very emerging and popular cricket tournament. After ICC cricket world cup, it is the biggest tournament of cricket at present. Day by day it is becoming more popular all over the world. So I think investing in such a platform is very good step.
The owner of Rajsthan Royals is the company named emerging media of Monoj Badal. He has recently told that Redbird has bought their 15% share. The owner of Redbird Zery Cardinal was present while Monoj Badal was announcing this news.
However, after buying the share of Rajsthan Royals, the market price of the whole share of the team is now almost 25-30 crore USD now. This is obviously a turning point for IPL and also Rajsthan Royals. They have now foreign investor. Hope they will go a long way in future.
The main owner of the team Monoj Badal yold that this aggrement prove how much attractive IPL is. He is very glad after this agreement.
IPL cricket tournament started 2008 for the first time. From then many players have played here. Perhaps there is no good player who haven't played here. To get a chance to play in IPL is a dream for any quality cricketer. So It is an ultimate fate that IPL would be more charming and attractive day by day. And this incidence prove that IPL is on the right way.
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