The Knight Riders became owners of the Trinidad & Tobago T20 franchise in the Caribbean Premier League (CPL) in 2015. The investment by the Knight Riders Group, which is led by Bollywood actor Shah Rukh Khan, along with Juhi Chawla and her husband Jay Mehta. American Cricket is part of a strategic long-term investment in the future of cricket in the United States.
Shahrukh Khan Agreed To A Long Term Investment In Future Of American Cricket
American Cricket Enterprises has announced that the Knight Riders Group, owners of the Kolkata Knight Riders (KKR) and Trinbago Knight Riders (TKR), has agreed to a long-term investment in the future of American cricket as they become stakeholders in Major League Cricket.
Shah Rukh Khan, while talking about his investment in USA, said: “For several years now, we have been expanding the Knight Riders brand globally and closely watching the potential for T20 cricket in the USA. We are convinced that Major League Cricket has all the pieces in place to execute on its plans and we look forward to making our partnership an enormous success in the coming years.”
Venky Mysore, the CEO of KKR and Red Chillies Entertainment said, “We feel fortunate to have been consistently recognized as one of the best franchises in T20 cricket and have become one of the fastest growing sports brands in the world. As T20 cricket expands internationally, we are flattered by the regular inbound requests to play a major role in growing the sport abroad. We have had a keen interest in the developments in the United States and our expansion into the U.S. is consistent with our long-term strategy. We look forward to the new challenge of building cricket in the world’s most sophisticated sports and media market and we believe that we can bring a huge amount of expertise to help make Major League Cricket realise the potential that it undoubtedly has.”
Apart from pledging around $15-20 million dollars in equity and getting marquee players to the US, the Knight Riders think tank will also leverage their expertise in designing the governance structure and the economic model.
Major League Cricket will feature top international players from the U.S. and around the world, underpinned by a focus on pathways to develop a homegrown player pool for USA Cricket and the league.