Rajasthan Royals Owners Announce Acquisition Of CPL Franchise Barbados Tridents
August 2, 2021
Royals Sports Group (EM Holdings Ltd), the owners of the Rajasthan Royals IPL franchise, have acquired a majority stake in the Barbados Tridents, CPL franchise. The two-time CPL champions will be rebranded as the Barbados Royals, a partner franchise of the Rajasthan Royals, as the Royals sports group seeks to expand its global presence.
Royal Sports Group Chairperson, and lead owner of the Rajasthan Royals, Manoj Badale, commented: “We are delighted to have signed this deal with Manish Patel, to acquire a majority stake in the Barbados CPL franchise. 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.”
Rajasthan Royals Director of Cricket, Kumar Sangakkara, whose role now includes the Barbados Royals, added, “Barbados Royals will be an important part of the Royals’ cricket ecosystem. With a fantastic talent pool of local players, we have the opportunity to innovate and develop strategies that will benefit the Royals Group. We are also excited at the prospect of how we can promote growth in the game of cricket.”
Manish Patel, principal of the Barbados Tridents franchise added, “We are extremely excited about the partnership with Manoj and Rajasthan Royals family, which will further advance cricket in Barbados and the region.”
Earlier in June, Rajasthan Royals had announced a groundbreaking collaboration with RedBird Capital Partners, the leading sports-focused investor in the United States. The acquisition of Barbados Tridents is a testament of the continued vision of the team to expand the Royals brand globally.
The Barbados Royals, led by the experienced Jason Holder, are scheduled to start the forthcoming Caribbean Premier League campaign on 26th August 2021.
