Sports News | Rajasthan Royals Appoint New Group CEO
Get latest articles and stories on Sports at LatestLY. Indian Premier League franchise Rajasthan Royals on Friday announced the appointment of Mike Fordham as its Group Chief Executive Officer.
New Delhi, Jan 15 (PTI) Indian Premier League franchise Rajasthan Royals on Friday announced the appointment of Mike Fordham as its Group Chief Executive Officer.
Fordham has over 16 years experience working with leading sports organisations around the world and was a key part of the IMG team that developed the IPL with BCCI, a media release said.
He also led the development of The Hundred for the England & Wales Cricket Board, it added.
RR also said that its lead investor, Emerging Media IPL Limited (EMIPL), has increased its shareholding to over 50 percent in the IPL franchise.
EMIPL, which is completely owned and controlled by Manoj Badale, has successfully concluded an equity fundraise for this purpose, the release said.
"Investors are now recognising the value of sports franchises. EMIPL's increased ownership of the franchise and expanded network of US-based, value-add investors presents an exciting opportunity to drive the growth of both the Rajasthan Royals and the IPL," Badale said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)