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Billion-dollar bets: Global investors chase Indian Premier League to ride booming cricket economy
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Billion-dollar bets: Global investors chase Indian Premier League to ride booming cricket economy

CNBC·Priyanka Salve·25 days ago
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Fans cheer from stands during the Indian Premier League (IPL) Twenty20 final cricket match between Royal Challengers Bengaluru and Punjab Kings at the Narendra Modi Stadium in Ahmedabad on June 3, 2025. (Photo by Arun SANKAR / AFP) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- (Photo by ARUN SANKAR/AFP via Getty Images) Arun Sankar | Afp | Getty Images Indian cricket is increasingly becoming hot property for investors looking to cash in on the booming business of the wildly popular sport in the subcontinent. In little over a month, the Indian Premier League, or IPL, has seen two of its franchises being sold to investors at billion-dollar-plus valuations, the latest being the Rajasthan Royals that was bought this Sunday, valued at $1.65 billion. A consortium of U.S.…

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