Reported about 6 hours ago
RedBird Capital Partners is exploring the sale of its minority share in the Indian Premier League team Rajasthan Royals, aiming to profit from the league's growing popularity. The firm acquired a 15% stake for $37.5 million four years ago and is seeking a return of at least double that amount. Despite RedBird's interest in selling, it may retain part of its stake. The Rajasthan Royals, majority-owned by Emerging Media Ventures, compete globally and have seen increasing revenues from sponsorships and media rights.
Source: YAHOO