Capri Global acquires a franchise in the UAE’S T20 league

The Emirates Cricket Board’s sanctioned, premier professional T20 League is the UAE’s T20 League –

– Capri Global, having a market capitalization of USD 1 billion or more, is one of India’s biggest Non-Deposit Taking Systemically Important Non-Banking Financial Companies.

Wednesday, March 9, 2022, Dubai, UAE

Capri Global has made its historic first entry into cricket by acquiring a franchise in the UAE’s T20 league.

Capri Global Group’s interests vary across sectors via its subsidiaries, and the Group’s net value exceeds Rs. 3,800 Cr. The Group’s key ventures are Non-Banking Financial Company (NBFC), Stressed Assets Fund (SAF), and Sports Venture. Capri Global Capital Limited (CGCL), the Group Company, is one of India’s largest Non-Deposit Taking Systemically Important Non-Banking Financial Companies, with a market capitalization of USD 1 billion or more. Mr. Rajesh Sharma, a first-generation entrepreneur, founded CGCL, which is traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) (NSE).

“We are happy to acquire a franchise in UAE’s T20 competition,” stated Rajesh Sharma, Managing Director of Capri Global Capital Limited. Capri Global’s entry into sports franchising enables us to capitalise on the Indian audience’s love of cricket. We anticipate enormous synergy from this agreement, including a slew of exciting moments that will elevate the cricketing experience for our Indian audience on a worldwide scale. We feel that the country of opportunity has produced an image that correctly portrays the UAE through its sports IP. We wish the UAE T20 League a prosperous season and hope to see them host many more in the future.”

“I am very delighted to welcome Mr. Sharma to UAE’s T20 Family!” stated Khalid Al Zarooni, Chairman of the UAE T20 League, and Vice Chairman of the Emirates Cricket Board. Having a partner who is recognised as one of India’s leading investment bankers buy into the UAE’s T20 vision and invest in sports properties with a long-term investment perspective is a testament to the strength of the UAE’s T20 League’s Business Model and its value proposition to its stakeholders, as well as an ode to the UAE as the destination of choice for global sports events.”

“We are really thrilled that a legendary financial professional like Rajesh Sharma has chosen to join with the UAE’s T20 League,” stated Mubashshir Usmani, General Secretary Emirates Cricket Board. This is a thundering endorsement of the one-of-a-kind opportunity that the UAE’s T20 league provides.