Monday, November 25

Tag: GMR

JSW Now 50% Partner in Delhi Daredevils
BUSINESS

JSW Now 50% Partner in Delhi Daredevils

A day after announcing their captain for the 2018 edition of Vivo Indian Premier League, GMR Group, owners of Delhi Daredevils announced they put ink on paper with JSW sports for an equal (50-50) partnership in their IPL franchise. The amount of the deal, however, remained confidential and the purchase is still subject to approval from the BCCI and other customary conditions proceedings. The IPL Governing Council is scheduled to meet on March 16 to seek into the matter but it only looks like a mere formality before a definitive confirmation. After investing in football, wrestling, and kabaddi, JSW Sports now ventures in the money-laden Indian Premier League following their investment in the Delhi Daredevils. The move does not come as a surprise as Sajjan Jindal's son Parth had previousl...