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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.
- Somani's group expressed disappointment at not being able to own the franchise, according to ESPN.
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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.
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