MLC raises $120m in funding, Satya Nadella led group commits $16m
The American Premier League cricket has announced that they have received $ 120 million funding from the Rounding Rounds of Series A and A1 Funding which includes several silicone valley officials. According to MLC $ 44 million has been secured after the closure of this investment round and an additional $ 76 million will be secured for the next 12 months.
Microsoft CEO Satya Nadella led by the group has invested $ 16 million in a collection of MLC company center equity along with Ross Perot JNR based in Dallas, billionaire Texas and his colleague Anurag Jain. Cricbuzz has known that the Nadella group will get the right to operate the MLC Seattle franchise while the LED Perot consortium will operate the Dallas MLC franchise.
Furthermore, the list of investors is Anand Rajaraman and Venky Harinarayan (founder partners at Milliways Ventures and Rocketship VC), Sanjay Govil (Founder and Chair of Unlimited Computer and CEO Solutions, Zyter), Bayeti Family (Yash Technologies owner) and Tanweer Tanweer) , The Baheti (pemilik Yash Technologies) dan Tanweer Tanweer) (pemilik Yash Technologies) dan Tanweer), Tanweer) (pemilik Yash Technologies) dan Tanweer) dan Tanweer) Baheti) dan Tanweer (pemilik Yash) Ahmed (CEO, Pak Foods, CEO , Our energy). Ahmed is also the owner of the largest American cricket complex (Prairie View Cricket Complex) located on the outskirts of Houston, holding 5 grass goalkeepers in its place.
The closure of this investment round is a large shot on the arm for this ‘start-up’ cricket. As part of their agreement with the USA cricket, MLC is obliged to send 6 world -class cricket stadiums. As reported by Cricbuzz before, MLC was under an exclusive negotiation agreement with the respective city government in the Greater Seattle region, Los Angeles and San Francisco Bay to build a multi-million dollar cricket stadium. Procurement of funds in rounds A and A1 will add to the company’s financial muscles to realize the current agreement in the negotiation. MLC has entered a long -term lease for the airhogs stadium near Dallas and is expected to start repairing the stadium for the use of cricket this summer.
“Significant funding carried out by an extraordinary group of investors will allow the main league cricket to build one -class facility and accelerate the development of sports throughout the country, bringing world -class professional crickets to the largest sports market in the world,” said Sameer Mehta and Vijay Srinivasan, Co. -Founders, Major League Cricket.
“This Investor Group Compises Leading Business Executives and Successful Tech Entrepreneurs Who Have Led Some of the World’s Most Prominent Companies. They Bring Trengendous Experience and Expertise in Support of MLC’s Plants to Launch a Transformative Twenty20 League and Establish America Aslersa for international cricket events. “
