Chris Paul, Larry Fitzgerald and Kelvin Beachum are investing into the Rajasthan Royals, a cricket team in the Indian Premier League.
As minority investors of the franchise, which worth more than $1 billion, the trio invested through Emerging Media Ventures, which owns the Royals and is by venture capitalist Manoj Badale.
The newest investments into the league’s ownership comes after a New York-based private investment firm, RedBird Capital Partners, bought a 15% stake in the Royals for nearly $37.5 million in June 2020. That addition of the firm bumped Badale’s group’s stake in the club from 51% to 65%.
