 "Tendulkar likely to buy Mumbai Masters in Indian badminton League")
There will be a dash of cricket in the inaugural Indian badminton League with star batsman Sachin Tendulkar set to be part of a conglomerate to buy the Mumbai Masters franchise in the event.
Tendulkar will be part of a conglomerate, which is in the process of buying the Mumbai Masters, according to highly-placed sources in the Badminton Association of India.
"Tendulkar is in the process of buying the Mumbai Masters. He would be the external face of the Mumbai team like Shah Rukh Khan, who promoted his team Kolkata Knight Riders in the IPL," a BAI official told PTI on condition of anonymity.
"He will own a share in the franchise, while the rest will be owned by two to three other companies. He will be one of the partners," the source added.
The Indian Badminton League took a huge step forward when it announced its first franchise -- the PVP Group that successfully bid for the Hyderabad Hotshots.
Mumbai, Pune, Hyderabad, Delhi, Bangalore and Lucknow are the six cities that will feature in the first edition of IBL. The owners of teams -- Mumbai Masters (Mumbai), Pune Vijetas (Pune), Rajdhani Smashers (Delhi), Karnataka Kings (Bangalore) and Lucknow Warriors (Lucknow) -- have been decided but will be officially revealed later this month.
Tendulkar will be part of a conglomerate, which is in the process of buying the Mumbai Masters, according to highly-placed sources in the Badminton Association of India.
"Tendulkar is in the process of buying the Mumbai Masters. He would be the external face of the Mumbai team like Shah Rukh Khan, who promoted his team Kolkata Knight Riders in the IPL," a BAI official told PTI on condition of anonymity.
"He will own a share in the franchise, while the rest will be owned by two to three other companies. He will be one of the partners," the source added.
The Indian Badminton League took a huge step forward when it announced its first franchise -- the PVP Group that successfully bid for the Hyderabad Hotshots.
Mumbai, Pune, Hyderabad, Delhi, Bangalore and Lucknow are the six cities that will feature in the first edition of IBL. The owners of teams -- Mumbai Masters (Mumbai), Pune Vijetas (Pune), Rajdhani Smashers (Delhi), Karnataka Kings (Bangalore) and Lucknow Warriors (Lucknow) -- have been decided but will be officially revealed later this month.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%