• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Satya Nadella and Vijay Shekhar Sharma to become angel investors in USA’s first T20 League

Chhavideep Singh by Chhavideep Singh
December 8, 2020
in Business, Startups
0
Major Cricket League
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin
Satya Nadella and Vijay Shekhar Sharma
Source: Jansatta

Cricket has played a very influential role in the lives of Indians; the statement is not true for everyone but majorly everyone in India is a major cricket enthusiast. This could explain why after Shah Rukh Khan, Paytm’s founder- Vijay Shekhar Sharma and Microsoft’s CEO- Satya Nadella have become angel investors in the United States’ first-ever T20 league called as Major League Cricket or MLC.

You might also like

Paris Mayor Quits Social Media Platform, Calling It a ‘Gigantic Global Sewer’

BYJU’S Leadership Shift: Impact on Market Position and Future Growth

Tech Clash: TCS Faces $210 Million Payment to DXC in US Trade-Secret Case

However, Shah Rukh Khan is not the investor, he has always been one step ahead. The Bollywood star with international fame has acquired the Los Angeles Franchise which he named as the ‘LA Knight Riders’. It is quite easy to decode the name as Los Angeles Knight Riders, picked up from the name of the Indian Premier League team, the man owns.

Back to our recently entitled angel investors, another name that has invested in MLC is Adobe’s Shantanu Narayen who is also an early-stage investor.

According to a report by YourStory, all of these investments are made in American Cricket Enterprise which is reportedly the parent company for the Major League Cricket. It is also reported that all of these investments were made in the last quarter of 2019.

You must think that only Indians have participated in the funding, but it is not true. Several high-profile investors from all over the USA and the famous Silicon Valley have participated in the investments. Reports suggest that the total inaugural introductory capital raised by the T20 Cricket League of USA is somewhere around 100 million dollars.

Angel investor, Vijay Shekhar Sharma- founder of India’s most valuable start-ups, Paytm is allegedly a huge cricket fan and is connected to Indian Cricket through his company. Paytm is the umpiring partner in the Indian Premier League and the title sponsor for all BCCI (Board of Control for Cricket in India) matches.

Major League Cricket has definitely taken inspiration from Indian Premier League and it highly speculated to roll out in 2022, but a development league will begin by next year, 2021 with 24 US-based franchises.

Major League Cricket
Source: www.majorleaguecricket.com

In 2022, six major franchises will be introduced from Washington D.C., Los Angeles, San Francisco, Chicago, Dallas and New York.

T20 was introduced as a simple T.V program back in 2007 and since then, it has become a significant cricket format. The gentleman’s game as they call it is a total fireball of energy that spurs through cricket fans and enthusiasts.

Vijay Srinivasan, CEO, American Cricket Enterprise claims that T20 has been a very successful format for the Indian market and some reports even suggest that all major revenues of the cricket media come from those three-quarters of T20 cricket phase.

 

 

Tags: Major League CricketSatya NadellaVijay Shekhar Sharma
Tweet54SendShare15
Chhavideep Singh

Chhavideep Singh

Hi! I'm Chhavideep, If you like reading about technology, business and start-ups, you've come to the right place. Catch me: chhavideep@connasys.com

Recommended For You

Paris Mayor Quits Social Media Platform, Calling It a ‘Gigantic Global Sewer’

by Rounak Majumdar
November 28, 2023
0
Paris Mayor Quits Social Media Platform, Calling It a ‘Gigantic Global Sewer’

Declaring X a "gigantic global sewer" that is "destroying our democracies" through the dissemination of hate speech and false information, Paris Mayor Anne Hidalgo announced her resignation from...

Read more

BYJU’S Leadership Shift: Impact on Market Position and Future Growth

by Rounak Majumdar
November 28, 2023
0
BYJU’S Leadership Shift: Impact on Market Position and Future Growth

Anil Goel, the Chief Technology Officer (CTO) at BYJU'S, has announced his resignation, marking a significant change in the organization's leadership. Changes in important positions and duties have...

Read more

Tech Clash: TCS Faces $210 Million Payment to DXC in US Trade-Secret Case

by Rounak Majumdar
November 28, 2023
0
Tech Clash: TCS Faces $210 Million Payment to DXC in US Trade-Secret Case

In a recent legal move, DXC Technology has ordered Tata Consultancy Services (TCS) to pay $210 million in response to a lawsuit alleging trade secret misappropriation. The decision...

Read more
Next Post
FreshToHome

Aquaculture start-up, FreshToHome to receive funding from the Abu Dhabi Investment Office

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

How To Get To Bean Valley in Super Mario RPG

How To Get To Bean Valley in Super Mario RPG

November 19, 2023
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How To Play Naruto x Boruto Ultimate Ninja Storm Connections with Friends

How To Play Naruto x Boruto Ultimate Ninja Storm Connections with Friends

November 19, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to see hidden replies on Twitter

How to see hidden replies on Twitter

November 17, 2023
COD- Modern Warfare

Burst Assault Rifle becomes a full-auto demon in Modern Warfare 3 loadout

November 14, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?