Day 42.
1.) Blackburn Rovers -
Venky's India Limited, a subsidiary of VH Group which is an Indian company whose specialisation is chicken processing bought the English Premier League Club, Blackburn Rovers. The takeover of about £53 million took place in November 2010.
Furthermore, as a result of this deal, Blackburn Rovers became the first EPL team to land on the Indian soil to play against Pune Football Club, just a couple of weeks ago.
An Indian Chicken making company and an English soccer club, wow! No confusion, great combination!
2.) Racing De Santander -
The autonomous community of Cantabria includes a Spanish football club in Santander known as Real Racing Club de Santander, S.A.D. Ahsan Ali Syed, an Indian businessman, founder and chairman of Western Gulf Advisory which is an investment company, missed out the opportunity to buy Blackburn Rovers Football Club, which eventually fell in the hands of another Indian.
However, Ahsan Ali Syed managed to buy the Spanish football team in January 2011, for about $54 million.
The early bird might get the worm, but the second mouse gets the cheese!
3.) The Big Bash League -
Hello fellas and welcome to another smashing edition of BM's!!! - 'My 5ive' where we take up 5 points to understand any subject, in a simple and effective way.
India is slowly and steadily making its presence felt in the international market. From soccer clubs to cricket clubs, Indians are becoming a force to reckon with. And that's exactly what my notion is here to discuss with y'all. We'll be taking up 5 varying examples which will show what I just meant. And, these examples will show you why I call it the ' I ' effect.(I for Indian) So, let's get the blog rolling now, shall we ? -
Venky's India Limited, a subsidiary of VH Group which is an Indian company whose specialisation is chicken processing bought the English Premier League Club, Blackburn Rovers. The takeover of about £53 million took place in November 2010.
Furthermore, as a result of this deal, Blackburn Rovers became the first EPL team to land on the Indian soil to play against Pune Football Club, just a couple of weeks ago.
An Indian Chicken making company and an English soccer club, wow! No confusion, great combination!
2.) Racing De Santander -
The autonomous community of Cantabria includes a Spanish football club in Santander known as Real Racing Club de Santander, S.A.D. Ahsan Ali Syed, an Indian businessman, founder and chairman of Western Gulf Advisory which is an investment company, missed out the opportunity to buy Blackburn Rovers Football Club, which eventually fell in the hands of another Indian.
However, Ahsan Ali Syed managed to buy the Spanish football team in January 2011, for about $54 million.
The early bird might get the worm, but the second mouse gets the cheese!
3.) The Big Bash League -
Another example of what I like to call the ' I effect', can be seen on BBL (Big Bash league) or officially known as the KFC T20 Big Bash League.
The BBL, like IPL (Indian Premier League) is an Australian domestic cricket competition. The authorities of BBL are so impressed by the way the BCCI has earned through the inpouring of funds by allowing private investments.
So, Cricket Australia has realized that by giving the green light to private investors including Indian business tycoons, they too can be a happy side.
To steal ideas from one person is plagiarism. To steal from many is research!
4.) Liverpool Club -
The picture of the two men holding the Liverpool football club's sign could have been different, had GMR bought them, back in 2009. Yes, this ain't no joke.
GMR a major infrastructure company, with its headquarters in Bangalore, that also owns the IPL team - Delhi Daredevils could have bought Liverpool football club, an English Premier League Club, based in Liverpool, Merseyside.
The cost of buying a club like Liverpool was around £450 billion, that's more than the sum of the two clubs listed above. This news spread as GMR were approached to buy Liverpool due to the losses that it had by failing to qualify for the Champions League and also finishing seventh in the EPL's 2009-10 season.
If winning isn't everything, why do they keep score?
5.) The I - League -
Now, the last example of tonight's list is not exactly an Indian investor buying a foreign sports team, but rather an International company showing its interest in the Indian sports and tying up with an Indian company to own an entire league.
I'm talking about IMG, the International Management Group, a global sports and media group from New York City, collaborating with Reliance Industries Limited (RIL), based in Mumbai and has Mr. Mukesh Ambani as its Chairman.
IMG Reliance signed a 15 year partnership with the AIFF (All India Football Federation). Apart from that there were news circulating in January 2011 that IMG Reliance will also acquire the entire I-League, the Indian version of English Premier League for about 700 crore Indian Rupees.
Hope this news brings some good fortune. Otherwise as they say - Evening news is where they begin with 'good-evening', and then proceed to tell you why it isn't.
That's all folks! This was my tonight's 'My 5ive' to show you how the wings of Indian investors are spreading across the global sports and how the foreign leagues and companies are realizing the potential of the Indian market. So, how did you like my tonight's work? Are there any points which I missed out? Are there any other examples of Indians owning foreign clubs? Please do let me know by giving your comments below.
Thanks For Reading.
Thought Of The Day : - ''Knowledge is knowing a tomato is a fruit; Wisdom is not putting it in a fruit salad.''
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