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English cricket gets 'seminal moment' as $650M raised by investors including Brady, Boehly and IPL


//business-finance.news-articles.net/content/202 .. by-investors-including-brady-boehly-and-ipl.html
Published in Business and Finance on by MSN   Print publication without navigation

English cricket has generated around $650 million from the sale of stakes in franchises in The Hundred to big-business investors from India and the United States, including consortiums involving NFL great Tom Brady and Los Angeles Dodgers part-owner Todd Boehly.

The English cricket scene is experiencing a significant financial boost as investors, including former NFL quarterback Tom Brady and Chelsea co-owner Todd Boehly, have raised approximately $650 million to invest in the sport. This investment aims to capitalize on the growing popularity of cricket, particularly through the Indian Premier League (IPL), which has become a model for franchise-based cricket leagues worldwide. The funds are expected to support the development of cricket infrastructure, player contracts, and possibly new leagues or tournaments, enhancing the sport's global appeal and competitiveness. This move is seen as a pivotal moment for English cricket, potentially transforming its commercial landscape and aligning it more closely with the lucrative models seen in other major sports.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/english-cricket-gets-seminal-moment-as-650m-raised-by-investors-including-brady-boehly-and-ipl/ar-AA1yYjFI ]

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