Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

Daily Current Affairs   /   Adani becomes fourth Indian group to acquire franchise in UAE's T20 League

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Category : Business and economics Published on: May 23 2022

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  • Adani Sportsline, a subsidiary of the Adani group, has acquired the rights to own and operate a franchise in the six-member UAE T20 League.
  • With this, it becomes the fourth Indian group after Reliance Industries (RIL), GMR group and Capri Global, a non-banking financial company based in Mumbai, to own teams in the Indian Premier League (IPL)-style tournament that is likely to commence in June.
  • This will be the first major move overseas by Adani Sportsline that will "connect and engage with global fans" from across the cricketing nations.
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