Major T20 League Cricket ropes in angel investors from Silicon Valley

The Major T20 League Cricket (MLC) is set to begin the cricket revolution in the United States of America. Many high-profile players such as Corey Anderson, Sami Aslam, and Dane Piedt have already joined the league. Meanwhile, Shah Rukh Khan’s Knight Riders is also set to invest in the league.

The recent reports about MLC emerging in the US media are even more encouraging. Microsoft CEO Satya Nadella, PayTM founder Vijay Shekhar Sharma, and Adobe Systems CEO Shantanu Narayen have come on-board with the MLC.

As reported by Cricbuzz, the trio from Microsoft, PayTM, and Adobe have signed up for MLC in the last quarter of 2019. Cricbuzz also added by saying, “All of them have their individual shares at the MLC but they currently do not have any plan for buying any city-based franchise.”

The Major T20 League Cricket is owned by American Cricket Enterprises, also known as ACE, is co-founded by the Times of India group and the American live cricket channel, Willow TV. The Dallas-based real estate tycoon Ross Perot and his partner Anurag Jain have also bought the Dallas franchise in the much-hyped league from the USA. Perot has some minority shares in Dallas Mavericks.

The inaugural edition of the American T20 league is set to have a huge investment, estimated to be around $90-100 million. The most chunk of investment is supposed to come from big Silicon Valley’s Venture Capitalists.

MLC is all-set to inaugurate from 2022 with six franchises from Los Angeles, New York, San Francisco, Dallas, Chicago, and Washington DC. In 2021, it will begin as a development league, named Minor League Cricket with 24 franchises within the USA.

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