Major League Cricket secures US$120M funding from investors
Share on facebook
Share on twitter
Share on google
Share on whatsapp
Major League Cricket Grand Stadium
Major League Cricket Grand Stadium

MAJOR League Cricket (MLC) is pleased to announce it has completed an initial closure of a $44M Series A and A1 Fundraising Round, led by a group of America’s most successful and respected business leaders.

With an additional commitment of $76M in further fundraising over the next 12 months in place, MLC plans to deploy more than $120M to launch the country’s first-ever professional Twenty20 cricket league and open a new era for the world’s second most popular sport in the United States.

Investor groups for the Series A and A1 Fundraising Round, which includes MLC’s seed funding round, were led by:
• Satya Nadella (CEO of Microsoft) and Soma Somasegar (Managing Director, Madrona Venture Group)

• Anand Rajaraman and Venky Harinarayan (Founding Partners at Milliways Ventures and Rocketship VC)

• Sanjay Govil (Founder and Chairman of Infinite Computer Solutions and CEO, Zyter)

• Anurag Jain (Managing Partner of Perot Jain, LP, Chairman of Access Healthcare) and Ross Perot Jr (Chairman, The Perot Group)

• Tanweer Ahmed (CEO, PAK Foods, CEO, OUR Energy and Owner of Prairie View Cricket Complex)

• The Baheti Family (Owners of YASH Technologies)

Additional participating investors in this round, along with the full list of MLC’s original seed investors, are listed below.

“The significant funding committed by an outstanding group of investors will allow Major League Cricket to build first-class facilities and accelerate the sport’s development across the country, bringing world-class professional cricket to the world’s largest sports market,” said Sameer Mehta and Vijay Srinivasan, co-founders, Major League Cricket.

“This investor group comprises leading business executives and successful tech entrepreneurs who have led some of the world’s most prominent companies. They bring tremendous experience and expertise in support of MLC’s plans to launch a transformative Twenty20 league and establish America as one of the world’s leading homes for international cricket events.”

The $120M investment into MLC will primarily be dedicated to building premier cricket-specific stadia and training centres to develop a new generation of American star cricketers. This unprecedented infrastructure investment will transform the landscape for professional cricket and enable the United States to host global events over the next decade and beyond. As well as international games, world-class T20 action will be played annually with MLC bringing the best cricketers in the world to play in cricket-specific venues with natural turf wickets and first-class amenities for fans.

MLC was advised by Hogan Lovells, a global law firm and leader in the sports, media and entertainment industry. (USA Cricket)

SHARE THIS ARTICLE :
Share on facebook
Facebook
Share on twitter
Twitter
Share on google
Google+
Share on whatsapp
WhatsApp
Share on facebook
Share on twitter
Share on google
Share on whatsapp
Scroll to Top
All our printed editions are available online
emblem3
Subscribe to the Guyana Chronicle.
Sign up to receive news and updates.
We respect your privacy.