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Meet CVC Capital: The Owner Of Ahmedabad Based IPL Franchise

By IANS News October 26, 2021 • 21:37 PM View: 2749

With the Board of Control for Cricket in India (BCCI) reported to be studying the betting company links of the successful bidders for the new Ahmedabad IPL franchise, for the global private equity firm CVC Capital Partners, it is like recent history repeating itself.

This past August, when the Luxembourg-based firm, which picked up the Ahmedabad IPL franchise for a little over Rs 5,600 crore on Monday, invested 2.7 billion euros in the Spanish football league, La Liga, the deal was not ratified by three top clubs – Barcelona, Real Madrid and Athletic Bilbao. The infusion of funds, ironically, was christened "Boost La Liga".

TAGS IPL 2022 CVC Capital

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