RIL subsidiary to acquire franchise in UAE T20 League – Marseille News


, RIL's investment in the UAE T20 League demonstrates the corporate sector's confidence in the UAE's vision and ability to host a world-class cricket event., RIL’s investment in the UAE T20 League demonstrates the corporate sector’s confidence in the UAE’s vision and ability to host a world-class cricket event.

Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Ltd (RSBVL), will acquire the rights to own and operate a new franchise cricket team in the upcoming UAE T20 League from the Emirates Cricket Board . The move marks the company’s first major overseas expansion of Reliance Industries’ cricket operations into global franchise-based cricket leagues. With this acquisition, the cricket industry will now include two cricket clubs in addition to their other cricket-related initiatives including sponsorship, counseling, dissemination and talent management.

Akash Ambani, owner of Mumbai Indians, believes the UAE T20 League presents a unique opportunity to build on existing global partnerships and profit from the growth of cricket in the UAE. “With great pride and joy we are taking our fearless Mumbai Indian cricket brand to a new geography. I look forward to strengthening and further expanding our global fanbase, and having a longer engagement with them through this new league. While Mumbai Indians will continue to remain at the heart of our cricket operations, the popularity of the T20 World Leagues and the attractiveness of the UAE market provide us with a unique opportunity to further unleash the value of our sport management expertise ” , Nita Ambani, co-owner, Mumbai Indians, said.

For Khalid Al Zarooni, President of the UAE T20 League and Vice President of the ECB, RIL’s investment in the UAE T20 League demonstrates the business sector’s confidence in the UAE’s vision and ability to host an event world class cricket. “We aim to transform cricket in the UAE through the UAE T20 League. Our larger plan includes the expansion of cricket through various development programs led in the UAE by League franchisees, including talent hunting, coaching and training by some of the best in the business. RIL has a heritage with a proven track record of building the best performing team in franchise cricket, ”he added.

The UAE T20 League sanctioned by the Emirates Cricket Board will be held annually. For the first few years, the League will feature six franchise teams that will compete against each other in a 34-game event. The League will involve some of the biggest names in world cricket and provide a platform and exposure for up-and-coming young cricketers.
Read also: Carysil launches new #TheHeartOfMyHome campaign with Vaani Kapoor

Follow us on Twitter, Instagram, LinkedIn, Facebook

Get live stock quotes for BSE, NSE, US market and latest NAV, mutual fund portfolio, check out the latest news on IPOs, top performing IPOs , calculate your tax using the income tax calculator, know the best winners, the best losers and the best equity funds in the market. Like us on Facebook and follow us on Twitter.

BrandWagon is now on Telegram. Click here to join our channel and stay up to date with the latest brand news and updates.

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *