Indian Premier League franchise Rajasthan Royals on Friday introduced the appointment of Mike Fordham as its Group Chief Govt Officer.
Fordham has over 16 years expertise working with main sports activities organisations world wide and was a key a part of the IMG staff that developed the IPL with BCCI, a media launch stated.
He additionally led the event of The Hundred for the England & Wales Cricket Board, it added.
The Royals additionally stated that its lead investor, Rising Media IPL Restricted (EMIPL), has elevated its shareholding to over 50 % within the IPL franchise.
EMIPL, which is totally owned and managed by Manoj Badale, has efficiently concluded an fairness fundraise for this objective, the discharge stated.
“Traders at the moment are recognising the worth of sports activities franchises. EMIPL’s elevated possession of the franchise and expanded community of US-based, value-add buyers presents an thrilling alternative to drive the expansion of each the Rajasthan Royals and the IPL,” Badale stated.