Welsh Fire can become a “global brand” with the help of IT entrepreneur Sanjay Govil after his “landmark” investment in The Hundred franchise.
Glamorgan formally announced on Tuesday they have entered into an exclusivity arrangement with Govil for a 50-50 split of the franchise after they reached agreement at an auction last week.
Govil is the owner of Major League Cricket franchise Washington Freedom and paid £40m for an equal stake in Welsh Fire, which was valued at £80m.
A statement from the Welsh county said it was a “landmark moment” for the club and Govil’s input will “grow the franchise’s popularity with fans and players both locally and globally”.
Indian-American Govil is the founder and chairman of Infinite Computer Solutions, who are based in Rockville, Maryland and have an annual revenue of $2bn with 20,000 employees globally.
The tech billionaire also owns Infinite and Zyter TruCare, one of the leading healthcare technology platforms with 43 million members.
Glamorgan chair Mark Rhydderch-Roberts said Govil was the “preferred bidder for some time” and believes the partnership will open commercial opportunities “on a different scale across the whole spectrum of Welsh cricket”.
“It was vitally important for us that any investment partner shared our values, our strategic and commercial aims and our ambition to grow as an international brand,” Rhydderch-Roberts said.
“They share our belief that both Glamorgan and Welsh Fire have huge potential and that Welsh Fire, in particular, can become a global brand.”
Govil added: “I’m thrilled for this next step forward in renewing and expanding cricket for the next generation of fans.
“I’m looking forward to the benefits our partnership will have not only for recreational cricket in the UK, but for strengthening the cross-border relationship between international teams, franchises, and fans for years to come.”
Source link : https://www.bbc.com/sport/cricket/articles/ckgnwp8x29po
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Publish date : 2025-02-12 17:42:41
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