""It's mind-boggling numbers," Indian cricketing great Sourav Ganguly told local reporters. "But great news for Indian cricket and the way forward. I think it's already as big as the NBA.""
"The valuations for the two teams mark a huge jump from their original 2008 sales, when liquor baron Vijay Mallya purchased RCB for $111.6 million and Rajasthan sold for $67 million."
"Deloitte analysts wrote in an outlook published last month that the industry is "entering an age of expansion" - and that private equity deals across sports leagues have jumped in recent years."
American investors have made significant investments in Indian cricket, highlighted by two billion-dollar deals for teams in the Indian Premier League. The Rajasthan Royals were sold for $1.63 billion, followed by the Royal Challengers Bengaluru at $1.78 billion. These transactions reflect the growing interest of international investors in India's cricket scene. The valuations represent a substantial increase from their original purchase prices in 2008. The IPL has become a major attraction, with its short format and lucrative broadcasting rights drawing global attention.
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