Legends League Cricket Welcomes Two New Franchises and Secures $30 Million in Investment
- ByStartupStory | October 27, 2023
Legends League Cricket (LLC) is a global T20 cricket league that features recently retired international cricketers. They have recently added two new franchises, Urbanrisers Hyderabad and Southern Super Stars, for their upcoming season. These franchises paid $15 million each to join the league.
- Urbanrisers Hyderabad: This team is owned by the Urbanrise group, a real estate developer, and JC Pavan Reddy, the managing director of Trident Power Pvt Ltd. JC Pavan Reddy is also the president of the Andhra Pradesh Olympic Association.
- Southern Super Stars: This franchise is owned by a consortium of companies, including KLO Sports, co-founded by Sanjay Jupudi and Srinadh Chitoori. Other individuals like Ranjeeth Rathod and Gautam Reddy are also involved in this venture.
The defending champion in LLC is India Capitals, which is owned by GMR Sports, the same company that co-owns the Indian Premier League (IPL) team Delhi Capitals. Other franchises include the Gujarat Giants (owned by Adani Sportline), Bhilwara Kings (owned by The LNJ Bhilwara Group), and Manipal Tigers (owned by Manipal Education and Medical Group).
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LLC offers two formats, one for domestic and one for international events. The league, which began in September, follows a private-franchise format with six teams. Raman Raheja, the co-founder and CEO of Legends League Cricket, expressed his enthusiasm for the growth of the league and building a strong business case for all franchisees.
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