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IPL franchise Rajasthan Royals in spotlight as NFL, NBA stars make investment

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American NFL legend Larry Fitzgerald alongside double Olympic gold medalist basketball star Chris Paul, are among the new investors in IPL franchise Rajasthan Royals (RR).


NFL star Kelvin Beachum has also joined the duo to become minority investors in the IPL franchise, owned by Emerging Media Ventures, with Manoj Badale as its sole in-charge. 

 

"Investing through Emerging Media Ventures, the vehicle 100% controlled by Manoj Badale, Paul Fitzgerald, and Beachum will become minority investors in the franchise. Rajasthan Royals have attracted investment from US elite athletes Chris Paul, Larry Fitzgerald and Kelvin Beachum. The trio have come on board as investors in the Rajasthan-based franchise," RR announced in a press release.

 

"I love the idea of building a professional franchise with a clear social purpose and look forward to working with this team to challenge the realms of possibility by expanding to new horizons as a franchise. India has a passionate sports culture and I'm excited to invest in one of the most sought-after teams in the country," said Fitzgerald.

 

A former president of the NBA players association, Chris Paul, expressively agreed about his excitement for this new investment.


" I am excited to have become one of the first US athletes to see the value and scope for growth in the IPL," said Paul.

 

"With a variety of components, including stadium experience and fan engagement still left to fulfil their course, I see myself contributing world-class experience through this strategic investment," said Paul, who served as the former president of the National Basketball Players Association.


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