MLC all set to transform US cricket landscape



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Funding for Major League Cricket Image: Major League Cricket

Investment in Major League Cricket (MLC) will transform the cricket landscape in United States and fund the construction of world-class cricket stadia and training centers nationwide.

The ‘Major League Cricket’ stated that Major League Cricket (MLC) announced that it has completed an initial close of a $44 million Series A and A1 Fundraising Round led by a group of America’s most successful and respected business leaders.

With an additional commitment of $76 million in further fundraising over the next 12 months in place, MLC plans to deploy more than $120 million to launch the country’s first-ever professional Twenty20 cricket league and open a new era for the world’s second most popular sport in the United States.

The Major League Cricket (MLC) is an upcoming professional Twenty20 cricket league in the United States. Operated by American Cricket Enterprises (ACE) and sanctioned by USA Cricket, it plans to begin play in 2023, with six teams in major US Cities under a single-entity model.
 

The ‘Major League Cricket’ further stated that Investor groups for the Series A and A1 Fundraising Round, which includes MLC’s seed funding round, were led by:

  • Satya Nadella (CEO of Microsoft) and Soma Somasegar (Managing Director, Madrona Venture Group);
  • 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);
  • Anurag Jain (Managing Partner of Perot Jain, LP, Chairman of Access Healthcare) and Ross Perot Jr. (Chairman, The Perot Group);
  • Tanweer Ahmed (CEO, PAK Foods, CEO, OUR Energy and Owner of Prairie View Cricket Complex); and
  • The Baheti Family (Owners of YASH Technologies).

 
Additional participating investors in this round, along with the full list of MLC’s original seed investors, are listed below.

Said Sameer Mehta and Vijay Srinivasan, Co-Founders, Major League Cricket, “The significant funding committed by an outstanding group of investors will allow Major League Cricket to build first-class facilities and accelerate the sport’s development across the country, bringing world-class professional cricket to the world’s largest sports market. This investor group comprises leading business executives and successful tech entrepreneurs who have led some of the world’s most prominent companies. They bring tremendous experience and expertise in support of MLC’s plans to launch a transformative Twenty20 league and establish America as one of the world’s leading homes for international cricket events.”

The $120 million investment into MLC will primarily be dedicated to building premier cricket-specific stadia and training centers to develop a new generation of American star cricketers. This unprecedented infrastructure investment will transform the landscape for professional cricket and enable the United States to host global events over the next decade and beyond. As well as international games, world-class T20 action will be played annually with MLC bringing the best cricketers in the world to play in cricket-specific venues with natural turf wickets and first-class amenities for fans.

MLC was advised by Hogan Lovells, a global law firm and leader in the sports, media and entertainment industry.
 

MLC investor quotes

Said Venky Harinarayan and Anand Rajaraman, “Cricket is one of the most popular sports in the world and the opportunity to invest in the launch of the first professional T20 league in the United States is an exciting venture we are delighted to be part of. Cricket’s grassroots growth in recent years across the United States has been energizing to see and we are thrilled to be able to help take a sport we are both so passionate about to the next level as part of a fantastic group of investors in Major League Cricket.”

Said Soma Somasegar, “I share the vision Major League Cricket has for the launch of a world-class T20 cricket league and the potential for the United States to become one of the leading cricket nations in the world. I am delighted to be part of a dynamic group of investors who will help the sport reach that level through an unprecedented commitment of resources by MLC to developing the sport.”

Stated Anurag Jain, “The ceiling for cricket’s growth in the United States is incredibly high, with the passion for the game at the grassroots level I’ve observed in Texas proof of its potential. I am proud to be part of a group of investors committed to rapidly accelerating cricket’s progress through Major League Cricket. The plans MLC have laid out to develop infrastructure and build a foundation for professional cricket to thrive nationwide puts the sport on a tremendous trajectory and I am excited to support this vision.”

Maintained Sanjay Govil, “To have the opportunity to invest in not just the launch of a world-class T20 league with Major League Cricket but in the sport’s expansive rise across America with the development plans MLC has in place is a tremendous opportunity. I am so pleased to join with a group of like-minded investors who also love the game and are committed to supporting cricket’s growth in the US over the coming years.”
 

Additional Series A Round Investors

Note: Swipe the screen (on the table below) from right to left to show the other information.
Troy Detrick Founder of Canyon Oak Ventures
Mihir Worah Former Chief Investment Officer, PIMCO
Preetish Nijhawan Co-Founder, Akamai and Co-Founder and GP of Cervin Ventures
Manish Parikh Co-Founder and CEO, Icon Systems Inc
Vikram Ramani CTO Banking, FIS Global
Sankar Kaliaperumal Managing Director, Accenture
Dhigha Sekaran Director at Meta and former Microsoft Executive
Shantanu Narayen Chairman and CEO, Adobe
Singh Capital Partners Family Office
Stuart Giles Co-Founder, ICON Group
Samir Bodas Co-Founder and CEO, ICertis
Sanjay Parthasarathy Chief Product Officer, Avalara. Former Microsoft Executive

 
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