Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, March 09 2022 - 19:10
AsiaNet
Franchise in UAE's T20 League Acquired by Capri Global
DUBAI, UAE, Mar. 9, 2022 /PRNewswire-AsiaNet/--

     - UAE's T20 League is Emirates Cricket Board's sanctioned, flagship
       professional T20 League

     - Capri Global is one of India's leading Non-Deposit Taking Systemically 
       Important Non-Banking Financial Companies with a USD 1 Billion+ market 
       cap. 

    Capri Global has made its first ever historic foray into cricket by 
acquiring a franchise in UAE's T20 league. 

    Capri Global Group's interest varies across sectors through its 
subsidiaries and net worth of the Group is in excess of Rs. 3,800 Cr. Key 
ventures of the Group are Non-Banking Financial Company (NBFC), Stressed Assets 
Fund (SAF) and Sports Venture. The Group Company, Capri Global Capital Limited 
(CGCL) is one of India's leading Non-Deposit Taking Systemically Important 
Non-Banking Financial Companies with a USD 1 Billion+ market cap. Promoted by a 
first-generation entrepreneur, Mr. Rajesh Sharma, CGCL is listed on the Bombay 
Stock Exchange (BSE) and National Stock Exchange (NSE).

     Rajesh Sharma, Managing Director of Capri Global Capital Limited said, "We 
are delighted to acquire a franchise in UAE's T20 league. Our foray into sports 
franchising allows Capri Global to leverage on the passion that Indian audience 
has for cricket. We see great synergy coming through this alliance, including a 
host of exciting moments that are set to elevate the cricketing experience for 
our Indian audience at the global platform. We believe that the land of 
opportunity through its sports IP has created an image that accurately depicts 
what represents the UAE. We wish UAE's T20 League a very successful season and 
hope to see them hosting many more in the years to come." 

    Khalid Al Zarooni, UAE's T20 League Chairman and Vice Chairman Emirates 
Cricket Board said, "I am very excited to welcome Mr. Sharma to UAE's T20 
Family! To have a partner who is acknowledged as one of India's leading 
investment bankers, buying into the UAE's T20 vision and investing into sports 
properties with a long term investment perspective is a testament to the 
strength of UAE's T20 League's Business Model and its value proposition to its 
stakeholders and an ode to the UAE as the destination of choice for global 
sports events."

     Mubashshir Usmani, General Secretary Emirates Cricket Board said, "We are 
extremely pleased that a legendary investment professional like Rajesh Sharma 
has chosen to partner with the UAE's T20 League." 

    Media Contact 

    Shivashish Chanda 
    Email: pr@plt20.com 

    Logo: https://mma.prnewswire.com/media/1700157/UAE_T20_Logo.jpg 


    Source: UAE T20 League