Indian-American to build 8 cricket stadiums in US

Image
Press Trust of India Washington
Last Updated : Feb 02 2017 | 11:28 AM IST
An Indian-American cricket enthusiast has announced plans to build as many as eight cricket stadiums across the US at an estimated cost of USD 2.4 billion to professionalise the game in the country.
The eight proposed stadiums, each having a capacity of 26,000 people in New York, New Jersey, Washington DC, Georgia, Florida, Texas, Illinois and California, would create as many as 17,800 new jobs in the US, said Jignesh (Jay) Pandya, chairman of Global Sports Ventures.
Gujarat-born Pandya is a real estate developer in the US and had been travelling across the globe with his two sons to watch popular international cricket matches.
At most of these venues, me and my sons found the audience mostly from either India or the United States.
"So there is a great market and readymade audience for cricket in the US," Pandya said.
Americans, he said are the biggest sports lovers in the world. Sports economy in the US itself is to the tune of USD 87 billion as compared to USD six billion in India.
All these cricket stadiums in the US, Pandya said would be part of what he described aslifestyle centers which would comprise of high-rise residential complex, shopping centers, entertainment centers and office complexes.
Pandya said the objective is to professionalize cricket in the United States by creating a league that allows athletes to compete at the highest level while providing fans and audiences the ability to enjoy the game at all these world-class facilities.
"This will be a strong foundation when the International Cricket Council (ICC) hosts any tournaments in line with its strategic framework for USA cricket, potentially hosting the ICC World Twenty20 in 2024," Pandya said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Feb 02 2017 | 11:28 AM IST

Next Story