Not RCB, KKR or CSK: This IPL Franchise may become the richest of all - Know Why

Add as a preferred source on Google

The parent company of the IPL team Delhi Capitals is currently exploring financing options, according to reports.

JSW GMR Cricket Pvt. Ltd, who own the Delhi Capitals, are looking for a substantial loan to explore diversified business options, as reported by Bloomberg.

The company is in the process of securing a substantial loan amounting to approximately $90 million to $100 million through private credit channels. This development, shared by informed sources who chose to remain anonymous due to the sensitivity of the financial negotiations, marks a significant move within the IPL's economic landscape.

The potential influx of capital for JSW GMR Cricket Pvt. Ltd. is earmarked for a range of general corporate functions. This strategic financial move is designed to bolster the company's operational capabilities and facilitate its growth initiatives.

JSW GMR's Diverse Sports Portfolio

JSW GMR's investment in sports extends beyond the boundary ropes of the Delhi Capitals' cricket ground. The firm boasts ownership of the Dubai Capitals, part of the International League T20, and the India Capitals, competing in the Legends League Cricket.

Moreover, their sports portfolio diversifies into the realm of Kabaddi with the ownership of the UP Yoddhas, a top-tier team within the league. They also hold stakes in the emerging Ultimate Kho Kho League, where they are represented by the Telugu Yoddhas.

Delhi Capitals to get a Major Boost

Bloomberg reports that the potential financial influx can be a major boost for the company, which can facilitate in rapid growth of Delhi Capitals and other franchises owned by the business conglomerate.

The collateral for this hefty loan is expected to comprise the Delhi Capitals franchise itself, including lucrative aspects such as broadcasting rights and sponsorship deals. These revenue streams have become increasingly valuable as the popularity of the IPL continues to skyrocket domestically and internationally.