IPL franchise attracts foreign investors; Manchester United owners pick bid documents


Team Udayavani, Oct 21, 2021, 1:13 PM IST

Source: Getty images

As it prepares to add two new teams in the 2019 season, the Indian Premier League (IPL NSE 0.78 percent) is gaining the attention of overseas investors.

The Glazer family, which owns a number of sporting businesses including Manchester United, one of the most well-known football clubs in the world, has expressed interest in buying an IPL team and has obtained the bid forms.

Though picking up the OTT document is no guarantee that the US-based Glazer family will make a formal bid for the franchise, it will have to set up a company in India if it plans to do so. The ITT document makes it clear that a foreign entity will have to set up a company in India if their bid is to succeed.

Among others that have picked up the bid document are Adani Group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Jindal Steel (led by Naveen Jindal), entrepreneur Ronnie Screwvala and three private equity players, the report said.

The BCCI has recently issued a notice seeking bids from interested parties as it goes about its plan to add two news franchises before the next year’s mega auction of players.

(With inputs from IANS)

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kannada Sahitya Sammelana: Food distribution creates stir

Rohit gets hit in nets, practice pitches on slower side

India & Kuwait elevate ties to strategic level; ink defence pact after PM Modi meets top Kuwaiti leaders

In Kuwait, PM Modi meets yoga practitioner, other influencers from Gulf country

Notorious gangster wanted in UAPA case arrested at Nepal border

Mandhana, Renuka blow away West Indies in first ODI

‘Condition critical’, say doctors as farmer leader Dallewal’s fast enters 27th day

Related Articles More

Rohit gets hit in nets, practice pitches on slower side

Mandhana, Renuka blow away West Indies in first ODI

Rohit Sharma should change his tactics, be more attacking batting at No. 6: Ravi Shastri

Joe Root returns to England’s ODI squad for India tour, Champions Trophy; Ahmed in T20Is

India beat Bangladesh by 41 runs to bag Women’s U19 T20 Asia Cup

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Kannada Sahitya Sammelana: Food distribution creates stir

Rohit gets hit in nets, practice pitches on slower side

India & Kuwait elevate ties to strategic level; ink defence pact after PM Modi meets top Kuwaiti leaders

In Kuwait, PM Modi meets yoga practitioner, other influencers from Gulf country

Notorious gangster wanted in UAPA case arrested at Nepal border

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.