Major League Cricket raises 120 million dollars in funding

America's Major League Cricket has announced that they have secured 120 million dollars in funding from series A and A1 fundraising round, which includes some of the Silicon Valley bigwigs like Satya Nadella.

According to MLC, the six-team franchise T20 competition sanctioned by USA Cricket, 44 million dollars has been secured after the closure of these investment rounds and an additional 76 million dollars will be secured over the next 12 months.

The Microsoft CEO Satya Nadella-led group has invested 16 million dollars in the central equity pool of the MLC enterprise along with Dallas-based Ross Perot Jnr, a Texas billionaire, and his partner Anurag Jain.

It has been learnt that the Nadella group will obtain the rights to operate the Seattle franchise of the MLC while the Perot-led consortium will operate the Dallas MLC franchise, a Cricbuzz report said.

The list of other investors includes — Anand Rajaraman and Venky Harinarayan (Founding Partners at Milliways Ventures and Rocketship VC), Sanjay Govil (Founder and Chairman of Infinite Computer Solutions and CEO, Zyter), The Baheti Family (owners of YASH Technologies) and Tanweer Ahmed (CEO, PAK Foods, CEO, OUR Energy). Ahmed is also the owner of America's largest cricket complex (Prairie View Cricket Complex) located on the outskirts of Houston, housing five turf-wicket grounds on its premises.

The closure of these investment rounds is a major shot in the arm for this cricket 'start-up'. As part of their deal with USA Cricket, MLC is under obligation to deliver six world-class cricket stadiums. IANS

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