Royals Sports Group (EM Sporting Holdings Ltd), holding company of Rajasthan Royals, has announced the strategic acquisition of a majority stake in Caribbean Premier League (CPL) franchise Barbados Tridents, now rebranded into Barbados Royals.
The acquisition comes soon after the US private investment firm RedBird Capital Partners acquired a 15 per cent stake in the Royals in a deal valuing the IPL team at a reported US$250 million.
Manoj Badale, RSG’s chairperson and the lead owner of the Rajasthan Royals, said: “We are extremely grateful to the Barbados government for their continued support, and we look forward to making a positive impact on both cricket and tourism for the country. We have ambitious plans for the Royals brand globally, and this is an important strategic step.”
