The Indian Premier League has been a fantastic platform for the young players to set their foot in competitive cricket and run shoulders with the best T20 cricketers all around the world. It has given many cricketers like Hardik Pandya, Rishabh Pant, Jasprit Bumrah to the Indian team, while Rashid Khan and Glenn Maxwell have prospered well in the league.
The tournament has helped the growth of Broadcasting platforms, sponsors, Franchises, and BCCI as well. With the viewers increasing in an exponential manner, the tournament is getting traction from corporates all around the world, which was quite evident in the recently concluded Bids for two new teams of IPL.
CVC Capital Partners Teams Owned
The CVC Capital Partners have an investment in various sports like Football, Rugby, Volleyball, and Cricket. In 2006, they bought a 63% stake in Formula One Championship, and then sold it in 2017 with a massive profit. In the current scheme of things, the equity firm has a 10% stake in La Liga and Serie A, shelling out 2.7 Billion and 1.7 Billion Euros respectively. They also hold a 27% stake in Premiership Rugby, which is a professional competition organized in Europe.