Mumbai, May 1: Rajasthan Royals, the champions of the inaugural edition of Indian Premier League, 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. Investing through Emerging Media Ventures, the vehicle 100 percent controlled by Manoj Badale, Paul, Fitzgerald and Beachum will become minority investors in the franchise. Paul is one of the greatest defenders to have graced the NBA court with 11 NBA All-Star team appearances, two Olympic gold medals, and more recently taking the Phoenix Suns to the NBA Finals. His investment portfolio includes a stake in the minor league baseball team Winston-Salem Dash, and with an eye on enhancing the fan experience in the IPL, the 36-year-old defender has chosen to invest in the Royals.
“I am excited to have become one of the first US athletes to see the value. And scope for growth in the IPL. With a variety of components. Including stadium experience and fan engagement still left to fulfill 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.
The NFL’s legendary wide receiver Larry Fitzgerald, who played with the Arizona Cardinals for 17 seasons and received countless accolades including 11 Pro Bowl appearances and the Walter Payton NFL Man of the Year in 2016, is also known as a serious investor and philanthropist. His position gives him a unique perspective that aligns with Rajasthan Royals’ vision of expansion. “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”.
Expressed Fitzgerald. Kelvin Beachum is a 10-year NFL veteran who currently plays for the Arizona Cardinals. In addition to his professional football commitments. He is an active investor, especially in technology, and a board member at NFL Players Association. “I am keenly aware of the popularity of cricket internationally and am thrilled to join the Rajasthan Royals franchise as an investor. I respect the global reach of the IPL and am committed to supporting the Royals.”
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