India’s franchise cricket market has two new players after five Women’s Premier League (WPL) teams were sold on Wednesday. Here’s the scoop on both.
Adani Sportline
Adani Sportsline is the sports arm of Adani Group, a conglomerate based in Ahmedabad. They’ve been trying to get an IPL team for a while and they were successful so they wasted no time picking a name.
Giant of Gujarat.
Adani bids the most in the WPL auction (Rs 128.9 million (approximately $158 million)) and will base the team in Ahmedabad, home to the 100,000-capacity Narendra Modi Stadium . They also applied for one of the two new men’s IPL teams in 2021 when the BCCI expanded the tournament from eight to ten teams, but were unsuccessful.
Adani Sportsline, founded in 2019, already he owns two cricket franchises.
The Gulf Giants of ILT20, which started in the United Arab Emirates this year, and the Gujarat Giants of Legends League Cricket (LLC), a two-season competition between former players.
Gulf His Giants are led by England hitter James Vins and coached by former Zimbabwe captain and England coach Andy Flower. Gujarat captained by Virender Sehwag His Giants included notable players such as Chris Gayle, Daniel Vettori and Graeme Swann.
Adani Enterprises Director Pranav Adani said in a statement on Wednesday, “India’s women’s cricket team is performing exceptionally well and the women’s cricket league is a key player in providing more opportunities for women through sport. It’s a step. “Cricket is an inseparable part of the country and Adani Sportsline was enthusiastic to participate in the sport for the inaugural Women’s Premier League.
Adani Sportsline also expanded into Kabaddi, Boxing and Khokor in Gujarat under his Giants name with great success. Her Kabaddi her team in 2017 and she finished 2nd in her Kabaddi league Pro in 2018. Her boxing her team won the inaugural Big Her Bout Her Boxing League in 2019, featuring India’s best boxers like Amit Her Pangal. Their Cocoa team took first place in the 2022 Ultimate Cocoa League but lost in Qualifier 2. Capri Global Holdings is part of Capri Loans, an India-based NBFC (non-bank finance company) that spent INR 757 billion (approximately US$92.85 million) on WPL’s cheapest franchise for women as of Wednesday. am. They will be based in Lucknow, which has a fairly new cricket ground that can hold around 50,000 people.
Like Adani, Capri already owns a cricket team and a Koko team. Their cricket team in ILT20 he called Sharjah Warriors and the Englishman Moeen Ali managed before he took up national duty.
Capri Global Group, which owns a number of subsidiaries, is a company listed on the Bombay Stock Exchange and the National Stock Exchange with a net worth of approximately INR 540 billion (approximately USD 700 million). They entered auctions for two new men’s IPL teams a few years ago but didn’t win. Despite the setbacks, Capri continued his efforts to break into the lucrative franchise his cricket field.
Rajesh Sharma, Managing Director of Capri Global, said: “Capri Global’s collaboration with WPL represents our commitment to promoting sport across all classes and genders and building deeper connections with our stakeholders and customers. “Given our history in India, we believe cricket is the most natural way to advance that vision.”