> NBA’s Chris Paul, along with NFL duo Larry Fitzgerald, Kelvin Beachum, invest in Rajasthan Royals cricket team NBA

NBA’s Chris Paul, along with NFL duo Larry Fitzgerald, Kelvin Beachum, invest in Rajasthan Royals cricket team

NBA’s Chris Paul, along with NFL duo Larry Fitzgerald, Kelvin Beachum, invest in Rajasthan Royals cricket team

  • Cardinals
  • Suns
May 02
SW Creative
  • SportsWriters

A professional cricket team in the Indian Premier League, the Rajasthan Royals, often abbreviated as RR, announced Sunday they have three new investors, NBA star guard Chris Paul and the NFL’s Larry Fitzgerald and Kelvin Beachum.

With the addition of RR’s new American sporting stars’ investment, the team expands for its global appeal.

Previously, the franchise is known to have a majority of investors and owners coming from Bollywood backgrounds in addition to selected industrialists.

The Royals also confirmed that the three American stars are going to be minority investors. Although, there are not many investment-related details provided at the moment.

“We are extremely pleased to have Chris, Larry and Kelvin join us as investors who have seen the vision of the Royals as a truly global brand,” Indian businessman and the Royals’ majority owner Manoj Badale said.

Moreover, RR’s ownership is separated into three entities, namely from Badale as the lead owner holding a 65-percent stake, RedBird Capital Partners with a 15-percent stake, and British businessman Lachlan Murdoch having the lowest 13-percent stake.

The franchise is best known for producing talented cricketers after its inception in 2008 as one of the original IPL franchises.

Other than that, controversies and scandals have decorated RR’s history up to this point, perhaps just to name a few, expulsion from the 2010 IPL, a corruption scandal after the authority ruled the franchise was found guilty of illegal betting, and match-fixing probe in 2015.

Despite all of that, Paul shared his excitement as he, among the other two, became the first Unired States athletes interested in exploring opportunities in professional cricket.

“I am excited to have become one of the first US athletes to see the value and scope for growth in the IPL,” the 36-year-old said. “With a variety of components, including stadium experience and fan engagement still left to fulfill their course, I see myself contributing world-class experience through this strategic investment.”

Left: Chris Paul, Right: Larry Fitzgerald

"Cricket is the second most adopted sport in the environment with close to 2 billion followers globally but there are admirers out there who continue to aren't currently being captured,"

- Chris Paul

  • Rajasthan Royals

    Rajasthan Royals are a franchise cricket team based in Jaipur, Rajasthan, that plays in the Indian Premier League . Founded in 2008 as one of the initial eight IPL franchises,

    wikipedia
  • Chris Paul

    Christopher Emmanuel Paul , nicknamed "CP3", is an American professional basketball player who plays for the Phoenix Suns of the National Basketball Association .

    wikipedia
  • Larry Fitzgerald

    Larry Darnell Fitzgerald Jr. is a former American football wide receiver. He played college football at Pittsburgh,

    wikipedia
  • Kelvin Beachum

    Kelvin Lee Beachum Jr. (born June 8, 1989) is an American football offensive tackle for the Arizona Cardinals of the National Football League (NFL). He played college football at SMU and was drafted by the Pittsburgh Steelers in the seventh round (248th overall) of the 2012 NFL draft. He has also played for the Jacksonville Jaguars and New York Jets.

"I am keenly aware of the popularity of cricket internationally and am thrilled to join the Rajasthan Royals franchise as an investor,"

- Kelvin Beachum

"This investment not only indicates the high level of interest in the IPL globally, but will also provide our franchise with significant learnings from the world of American sports,"

- Manoj Badale

Feedback