MUMBAI: Dubai businessman Ajay Sethi, who this week bought the Port Elizabeth franchise in Cricket South Africa's upcoming T20 Global League, has expressed an interest in buying into an Indian Premier League team.
Speaking to Arabian Business, Channel2 Corporation Group chairman Sethi revealed he is looking at buying a stake in one of the IPL teams.
“We don’t want to buy 5% stake in any IPL team, but we are looking to acquire at least 25% stake. We are waiting for the right opportunity and right price to get into IPL,” he told Arabian Business.
Sethi said he is also willing to invest in Star India's Pro Kabaddi League.
Speaking about the T20 Global League, Sethi said he expects to break even by year three of the T20 league, which launches in November.
Sethi’s company also owns the St Lucia Zouks franchise in the Caribbean Premier League and the audio rights for all International Cricket Council events until 2023.
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