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Manchester Utd co-owner's company buys UAE T20 League franchise

Lancer Capital, headed by top English football club Manchester United's co-chairman Avram Glazer, has made its first foray into cricket by acquiring a franchise in the UAE Lleague

Manchester Utd co-owner's company buys UAE T20 League franchise

Press Trust of India Dubai

Lancer Capital, headed by top English football club Manchester United's co-chairman Avram Glazer, has made its first foray into cricket by acquiring a franchise in the UAE Lleague.

UAE T20 League chairman and vice-chairman of Emirates Cricket Board, Khalid Al Zarooni, welcomed Glazer into the league.

"To have a partner who has invested into sports properties with a long term investment perspective is a testament to the strength of the UAE T20 League's business model and its value proposition to its stakeholders," Zarooni said in a release.

Lancer Capital has investments in a variety of best-in-class assets. Glazer is an owner of the Super Bowl champion Tampa Bay Buccaneers. He has also been the co-chairman of Manchester United since 2005.

 

Lancer Capital chairman Glazer said, "I am very excited to be a part of UAE T20 at its formation. UAE T20 promises to be a world class event that will be transformative to the growth of cricket in the Emirates.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 01 2021 | 4:58 PM IST

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