DUBAI: And then there were four. The organisers of are ensuring media attention on UAE’s upcoming T20 league by calibrated confirmations of the franchise owners that have bought into the event. Capri Global has made its first ever foray into cricket by acquiring a franchise in the upcoming league, it was announced Tuesday.
Capri Global’s interest varies across sectors through its subsidiaries and net worth of the enterpise is in excess of Rs 3,800 Cr. Key ventures of the group are non-banking financial company (NBFC), Stressed assets fund (SAF) and sports venture. The group company, Capri Global Capital Limited (CGCL) is one of India’s leading non-deposit taking systemically important non-banking financial companies with a $1 billion+ market cap. Promoted by a first-generation entrepreneur Rajesh Sharma, CGCL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Sharma said: “We are delighted to acquire a franchise in UAE’s T20 league. Our foray into sports franchising allows Capri Global to leverage on the passion that Indian audience has for cricket. We see great synergy coming through this alliance, including a host of exciting moments that are set to elevate the cricketing experience for our Indian audience at the global platform. We believe that the land of opportunity through its sports IP has created an image that accurately depicts what represents the UAE. We wish UAE’s T20 League a very successful season and hope to see them hosting many more in the years to come.”
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