Nadella, Narayen among tech CEOs investing in cricket's American dream
Publishing timestamp: 2024-06-08 00:49:37
Summary
Investors are pouring nearly a billion dollars into building cricket in America as the Men's T20 Cricket World Cup is co-hosted by the U.S. for the first time. High-profile CEOs and investors are trying to make cricket a mainstream sport in the U.S., with six professional teams in Major League Cricket expected to spend between $75 million and $100 million each over the coming years. The T20 World Cup is generating excitement, with a highly anticipated India vs. Pakistan match driving up ticket prices. Venture capitalists and investors are targeting the loyal fan base of South Asians and expats from the U.K. and Australia living in the U.S. to make cricket a popular sport in the country.
Sentiment: POSITIVE
Keywords: breaking news: technology, united states, cricket events, media, business, men's cricket, business news, breaking news: business, venture capital, alphabet inc, microsoft corp, sports, technology, cricket, satya nadella, shantanu narayen, adobe inc.,