Avram Glazer, co-owner of Manchester United, buys a franchise in the new UAE T20 League
Avram Glazer, co-owner of Manchester United, buys franchise in new UAE T20 League – with businessman making his first venture into cricket after losing in the bidding war for the two new money-making IPL teams
- Avram Glazer, co-owner of Manchester United, has made his first foray into cricket
- Glazer, 61, Completed Franchise Purchase in New UAE T20 League
- He is in charge of one of six teams in the league, which starts next year
- The move comes after the Glazer family lost the two new IPL franchises
Manchester United co-owner Avram Glazer has bought a franchise in the newly formed T20 League in the United Arab Emirates.
Glazer, who also owns the NFL Super Bowl winners Tampa Bay Buccaneers, completed the purchase in what is his first venture into cricket in his role as chairman of Lancer Capital, the private equity firm.
He is now in charge of one of six franchises in the league, which will take place in February and March next year.
Avram Glazer, co-owner of Manchester United, has bought a franchise in the UAE T20 League
Earlier this year, the Glazer family failed to buy one of the two new IPL franchises.
RPSG and CVC Capital won in the bidding war, with the money-grubbing competition expanding from eight to ten members.
“I am very excited to be part of the UAE T20 at its inception,” said Glazer, 61.
Glazer now controls one of six franchises in the league, launching next year
The Glazer family failed in their bid to capture one of two new franchises in the IPL
“UAE T20 promises to be a world-class event that will change the growth of cricket in the Emirates.”
Glazer has been co-chairman of United since 2005, when the much-maligned group took full control of the club.
Khalid Al Zarooni, the President of the UAE T20 League, said: “I am very pleased to welcome Mr. Glazer to the UAE T20 family.
“Having a partner that has invested in sports venues with a long-term perspective is a testament to the strength of the UAE T20 League’s business model and its value proposition to fans and stakeholders, and an ode to the UAE as the destination of choice for global sporting events. ‘
The Indian Premier League will expand from eight to ten teams for the 2022 season
RPSG – led by businessman Sanjiv Goenka – made a successful bid for the Lucknow-based party
The inaugural edition of the tournament, which has been approved by the Emirates Cricket Board, will feature 34 matches over two months.
However, the names of the franchises are not yet known.
The UAE and Oman recently hosted the men’s T20 World Cup after it was taken away from India due to the coronavirus pandemic.
And following an increase in Covid-19 cases among players in India, the UAE intervened this year to host the second half of the IPL after its postponement.