Glazers of Manchester United have made an investment in the UAE T20 League which is scheduled to be played next year. Glazer confirms purchasing a franchise in the six-team league through their parent company Lancer Capital.
“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,” said Avram Glazer, chairman of Lancer Capital. By purchasing a franchise in UAE T20 League Glazers has now joined the league in which Reliance Industries-owned Mumbai Indians, Shah Rukh Khan-owned Kolkata Knight Riders, and GMR-owned Delhi Capitals are also part of the newly launched league.
Apart from Manchester United, Avram Glazer who has been the co-chairman of the Premier League football team since 2005 has made investments in a variety of sports properties including in Tampa Bay Buccaneers in the Super Bowl.
Khalid Al Zarooni, UAE T20 League chairman, said, “I am very excited to welcome Mr. Glazer to the UAE T20 Family! To have a partner who has invested in 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 and an ode to the UAE as the destination of choice for global sports events.”
Owned & hosted by Emirates Cricket Board, UAE T20 League is scheduled to be played in February & March. The franchise-based tournament will be conducted in the format of IPL & will have 34 matches.
The general secretary of Emirates Cricket Board Mubashir Usmani said, “We are extremely pleased that a legendary sports owner like Avie Glazer has chosen to partner with the League. This is a resounding thumbs-up to the unique opportunity that the UAE T20 league offers to experience and established sports business owners. Our partnership with Lancer Capital will enable us to combine fans of the two widely followed sports – football and cricket – in a never done before manner.”