Kolkata IPL team purchases significant stake in USA's T20 tournament Major League Cricket

USA-based Major League Cricket has received a major boost after Red Chillies Entertainment-owned Kolkata IPL team has decided to invest in  multi-million dollar T20 tournament. league is still under progress, however, considering  fact that United States is largest media market in world, tournament is attracting some big names with  Kolkata IPL team being latest investors.

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Kolkata franchise invest in USA's Major League Cricket

Kolkata IPL owners already have a team in three leagues,  Indian Premier League, Caribbean Premier League and T20 Global League in South Africa with talks in progress with England Cricket Board's ' Hundred' as well as per recent reports. w, Kolkata IPL owners will hold a significant stake in Major League Cricket. strategic investment by Kolkata IPL team will see m playing role of consultants to help USA Cricket run six-team T20 league, which could also indicate that franchise will co-own competition with national cricket board.

While speaking to ESPNCricinfo, CEO and managing director of Kolkata franchise, Venky Mysore said that  league will be unlike a number of ors at least in one way - six (to start with) franchises will own a part of it. He added that in IPL or CPL, y can only own and operate a franchise whereas in case of MLC, y will have a stake in entire league, which is expected to debut in 2022.

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Kolkata IPL owners were invited by American Cricket Enterprises (ACE), USA Cricket's commercial partner in developing a professional T20 league in America. Speaking about same, both Mysore and ACE said that it is a long-term investment in American cricket. Mysore furr said that when ACE invited m, y said that y want to take a deep dive into this, and t just have a short-term outlook which is why USA sees m as a consultant in many ways, apart from being a big part of league. Mysore stated that ACE want m to play a very broad role, to help and assist m with all aspects of cricket in country

Mysore reckoned that USA Cricket are looking at a bigger national cricket set-up, academies, develop talent, and all that is complementary to what T20 League will do as well. He added that more over, y will be working hard to build infrastructure re and six world-class stadiums in next few years.

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Mysore opined that it will be like a public-private partnership where you have conversations with City Councils and y are used to doing it with or sports when it comes to giving franchise land or long-term financing arrangements. He furr said that eventually, USA's ambition is to host international competitions, including, potentially, World Cup. Mysore also said that USA has a strong sports culture and it is also .1 media market. He went on to say that cricket is second-most-watched sport in world, so when it is all combined, it's got all ingredients of a very successful product.

development comes days after new ICC chairman Greg Barclay also claimed as per media reports that world cricket's governing body is planning to grow game in United States, to possibly host a world event in coming years to start with. Recently, USA Cricket also anunced that it will be revamping one of most iconic baseball fields in Dallas into a complete cricket stadium with world-class and invative facilities.

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SOURCE: IPLT20.COM