Updated News Around the World

Delhi Capitals, Microsoft CEO Satya Nadella join hands for stake in US cricket franchise

Delhi Capitals have bought a stake in the Seattle franchise of a new Twenty20 tournament in the United States as Indian Premier League teams continue to expand their global footprint.

Delhi Capitals co-owner GMR Group has partnered with a group of investors that includes Microsoft Corp’s India-born CEO Satya Nadella to run Seattle Orcas in Major League Cricket (MLC), which begins in July.

The Capitals already own teams in men’s T20 leagues in South Africa and the United Arab Emirates as well as in the Women’s Premier League in India.

“We see America as the new frontier for cricket’s growth globally, and the Pacific Northwest provides an incredible opportunity for us to bring the resources of GMR Sports to the region …” Kiran Kumar Grandhi, Managing Director and CEO of GMR Group, said in a statement on Thursday.

Delhi’s IPL rivals Kolkata Knight Riders, one of the early investors in MLC, own the Los Angeles franchise and are also building a 10,000 capacity stadium in southern California.

Mumbai Indians have bought the MLC’s New York franchise while Chennai Super Kings have teamed up with a local investor to acquire the Texas franchise, ESPNcricinfo website reported.

The inaugural edition of the six-team MLC tournament will be played between July 13-30 in Dallas.

For all the latest Sports News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.