Rajasthan Royals has seen a spike in its value recently. The team is now worth $250 million. With investors like Lachlan Murdoch who is the son of the chief executive of Fox Corporation, Rupert Murdoch.
The new stakeholders of Royals are Emerging Media Ltd, a UK-based company co-founded by Manoj Badale. Now, the company holds a stake of 50% in all-cash deals instr
Another partner is New York-based Red-Bird Capital. They are global investors in the sports business. Joining Badale’s company, they now acquire a 15% stake in the franchise.
On top of that sources said that the BCCI has approved this agreement. They stand on good terms with the idea of Gary Cardinal, a US entrepreneur joining the investment.
The investment indicates the interest of American investors is increasing in the Indian cricket scene. Usually, they stayed more occupied with the European football scene. The increase in attention can be caused by the audience. The audience count in IPL matches is reaching up to 200 million for one single match which is quite a good competition.
We can say that the economic future of IPL might be good in the upcoming years. This can be observed with the bid of Facebook for the Digital rights of IPL. Amazon also attempted to attain international cricket rights for the Prime video service.
The craze of IPL never left the fans despite the disruption that coronavirus created in the sports field. But the pandemic impacted the financial status of the format. This, the deal signed with Rajasthan Royals is a good sign that the sports segment will soon come out of whatever financial stepback they had to face.