Billion-dollar bets: Global investors chase Indian Premier League to ride booming cricket economy
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Indian cricket is increasingly becoming hot property for investors looking to cash in on the booming business of the wildly popular sport in the subcontinent. In little over a month, the Indian Premier League, or IPL, has seen two of its franchises being sold to investors at billion-dollar-plus valuations, the latest being the Rajasthan Royals that was bought this Sunday, valued at $1.65 billion. A consortium of U.S. investors led by Kal Somani and backed by Rob Walton of Walmart Group was in
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