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IPL 2022: NBA Star Chris Paul Paul And NFL Duo Invest in Rajasthan Royals

Reuters

Last Updated: May 01, 2022, 14:34 IST

Chris Paul excited to have become one of the first US athletes to see the scope for growth in IPL. (AP and BCCI)

Chris Paul excited to have become one of the first US athletes to see the scope for growth in IPL. (AP and BCCI)

The popular Twenty20 league, which counts Bollywood actors and industrialists among franchise owners and attracts the biggest stars of cricket, has grown into a 10-team tournament this season

Phoenix Suns guard Chris Paul and NFL duo Larry Fitzgerald and Kelvin Beachum have invested in the Rajasthan Royals, the Indian Premier League franchise said on Sunday, underlining IPL’s growing global appeal.

The popular Twenty20 league, which counts Bollywood actors and industrialists among franchise owners and attracts the biggest stars of cricket, has grown into a 10-team tournament this season with Gujarat and Ahmedabad paying a combined $1.7 billion to come on board.

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The three Americans will be minority investors in 2008 champions Rajasthan, the franchise said in a statement without sharing details of their investment.

“We are extremely pleased to have Chris, Larry and Kelvin join us as investors who have seen the vision of the Royals as a truly global brand," said Rajasthan’s lead owner Manoj Badale.

“I am excited to have become one of the first US athletes to see the value and scope for growth in the IPL," said NBA star Paul.

“With a variety of components, including stadium experience and fan engagement still left to fulfil their course, I see myself contributing world-class experience through this strategic investment."

The two-time Olympic gold medallist also has a stake in the minor league baseball team Winston-Salem Dash.

Rajasthan owners acquired a majority stake in the Caribbean Premier League team Barbados Tridents last year.

“I am keenly aware of the popularity of cricket internationally and am thrilled to join the Rajasthan Royals franchise as an investor," Arizona Cardinals’ offensive tackle Beachum said.

“I respect the global reach of the IPL and am committed to supporting the Royals."

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
first published:May 01, 2022, 14:34 IST
last updated:May 01, 2022, 14:34 IST
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