Powerhouses Interested in Buying IPL Teams

With the BCCI ready to announce details regarding the two new franchises next week, big companies have shown keen interest in investing their money in the IPL. 

Avram Glazer the owner of Lancer Capital the company who owns Manchester United has shown an interest in buying an IPL team as well. Glazer, who also owned football teams in the United States such as the Tampa Bay Buccaneers, home to the best American Football players, Tom Brady. 

Glazer wasn’t the only one to show interest however. 22 other business entities have shown an interest in owning the IPL franchise. Amongst them were giants like the Adani group, Sanjeev Goenka’s RPSG, Jindal Steel, Torrent Pharma, Aurobindo Pharma, Hindustan Times Media and many more privately held firms. 

The two new teams BCCI will announce will be based in any 2 of the potential 6 cities announced by the BCCI earlier this year. Ahmedabad, Cuttack, Dharamsala, Guwahati, Indore and Lucknow. 

As for RPSG, this will be the second time they would invest in the IPL after owning the Pune SuperGiants for two years. They also own a football team in the Indian Super League, ATK Mohun Bagan, and the RPSG Mavericks in the Table Tennis League