The business value of the league, popularly called the IPL, surged to a record $18.5 billion last year, U.S.-based investment bank Houlihan Lokey says.
Open offers this calendar year, following attempts at acquisition and takeover, came in at more than two a week. There were 121 such open offers to acquire additional shares following a substantial acquisition or change of control, shows the data compiled by primedatabase.com.
It is not yet clear if Diageo Plc is looking to sell its complete stake in RCB.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
The summons come after an FIR was registered by the ACB on April 30 based on allegations of financial irregularities to the tune of Rs 2,000 crore in the construction of over 12,000 classrooms or semi-permanent structures in Delhi government schools.
The agreement, dubbed "LaLiga Boost", buys CVC an 8.2% stake in a new company that will get broadcasting revenues and sponsorship rights for 50 years.
Mumbai Indians, Kolkata Knight Riders, Rajasthan Royals, Sunrisers Hyderabad and Lucknow Super Giants are among the IPL franchises who have submitted bids.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
The high point of the 19 Shastri months was the 22-day war that he fought against great odds and won in principle, even if military historians often call it a stalemate. Pakistan saw a great opportunity to conquer Kashmir and lost. It was the last time they had the relative strength militarily and diplomatically to take Kashmir. Shastri's resolve buried that dream forever, points out Shekhar Gupta.
The league said last week that the deal, called 'Boost La Liga', would strengthen its clubs and give them funds to spend on new infrastructure and modernisation projects as well as increasing how much they could spend on players' salaries.
Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap's 51 per cent stake in the life insurance business.
Former IPL boss Lalit Modi has questioned the entry of private equity firm CVC Capital Partners in the Indian Premier League due to its investments in companies linked to betting activities.
Kolkata-based billionaire Sanjiv Goenka, who bought the Lucknow franchise for a whopping Rs 7,090 crore during the IPL bidding in Dubai on Monday, said the team's valuation 'would be a multiple of a few times' over the next 10 years.
The IPL's two new teams -- Sanjiv Goenka's RPSG Group for the Lucknow franchise and CVC Capital's Ahmedabad received formal clearance from the BCCI after the IPL's Governing Council met on Tuesday.
As many as 12,394 complaints of alleged corruption were received against railway employees.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
For Billie Jean King, her leading role in the foundation of the WTA half a century ago ranks above the many successes she enjoyed on court.
Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.
The franchise owners had launched a consumer engagement campaign on social media on January 3 to decide the name of the new IPL side.
Liberty Global and Discovery Communications have made a joint approach to CVC Capital about buying a 49 percent stake in Formula One, the Telegraph reported, without citing sources.
The new team which is set to be led by all-rounder Hardik Pandya will be called the Gujarat Titans.
The top court said former Supreme Court judge A K Patnaik will oversee the CVC inquiry.
Formula One chief Bernie Ecclestone has recommended Singapore as the best place to float the motor racing business, seeking to tap Asian enthusiasm for international sporting brands.
The fate of India's upcoming tour of South Africa amid the trepidation triggered by new COVID-19 variant Omicron will be addressed when the Board of Control for Cricket in India holds its 90th Annual General Meeting in Kolkata on Saturday.
Criticising the police for arresting an SUV driver and blaming him for the incident, the high court said, "Mercifully, you have not challaned the rainwater for entering into the basement."
Root put forth his desire of being a part of the IPL 2022 mega auction that is expected to take place in February.
News of all that transpired on and off the football field...
There has been a quantum jump in the number of complaints of corruption received by the Central Vigilance Commission last year as against those in 2011.
Former FIA president Max Mosley has warned that Formula One risks serious difficulties unless it changes direction and cuts costs.
Argentina striker Lionel Messi will leave Barcelona despite both parties having reached an agreement over a new contract, the La Liga club said on Thursday, citing economic and structural obstacles to the renewal of deal.
It is time the BCCI allows IPL teams to play exhibition games overseas in the off-season as it will only strengthen what is already a strong product, said Punjab Kings co-owner Ness Wadia.
Former England captain Michal Vaughan talks of the power dynamics that theT20 tournament will hold, while Australia spin legend and former captain of Rajasthan Royals, Shane Warne reckons IPL makes cricket second most popular sport in the world.
Education finance is a complex and dynamic sector. There are too many variables -- the course, the calibre of students, the universities, and the job prospects once the course is over, notes Tamal Bandyopadhyay.
Formula One could have new owners by the end of the year with three parties currently interested, the sport's commercial supremo Bernie Ecclestone said on Tuesday.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
Kolkata-based Sanjiv Goenka is famously remembered as someone who dropped Mahendra Singh Dhoni as IPL captain.
It could well be the last mega auction the BCCI may conduct, as most of the original IPL franchises want it discontinued.
A New York appeals court has upheld the dismissal of a $650 million lawsuit against Formula One boss Bernie Ecclestone, saying he cannot be sued in the state's courts over the sale of a major stake in the motor racing business.
A firm's claim for more than $100 million in damages from Bernie Ecclestone is far-fetched and relies on confessions from a jailed banker who is a "fantasist", a lawyer for the Formula One boss argued on Wednesday.
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