HEADLINE: St Kitts & Nevis Patriots franchise sold to City Sports

link CaribbeanCricket.com Joined: Mar 6, 2003
Posts: 9995
2/4/19 9:27:23 AM 

CPL Media Release: The St Kitts & Nevis Patriots franchise, who play in the Hero Caribbean Premier League, has been purchased by City Sports, Hong Kong - part of the City Group of companies.

City Sports are not new to cricket franchise ownership. They own City Kaitak in the Hong Kong T20 Blitz as well as being the former owners of the Bloem City Blazers, a team who were scheduled to step out in Cricket South Africa’s now defunct Global T20 League.

The company is headed by Sushil Kumar and Naren Kunder who are based in Hong Kong. Mr Kumar has investments in event management, information technology, food and beverage and sports management. Mr Kunder has business interests in the garments industry, stationary and electronics.

The Patriots team has been part of the CPL since 2015, finishing as runners-up in 2017 and in third place in 2018. The current team is led by Chris Gayle who has been at the forefront of the team’s success during his two years as captain.

Chairman of City Sports, Sushil Kumar, said: “We at City Sports are elated to be a part of the Hero CPL and having acquired the St Kitts & Nevis franchise we want to become part of the local community through the game of cricket. We want to promote the spirit of true sportsmanship and fair play, while at the same time creating a unique identity through our focus on performance and development.”

“With a total economic impact for the Hero CPL 2018 being in excess of US$127million, we are looking to bring a greater economic impact to St Kitts & Nevis in 2019 and beyond. We are also hoping our investment into the St Kitts & Nevis franchise is a catalyst to further investment into the country and growth of its economy,” Mr Kumar added.


Full Story

link positiveg Joined: Mar 29, 2007
Posts: 21773
2/4/19 9:40:56 AM 
In reply to CaribbeanCricket.com

Interesting.
Hope the new management team, do work and give back to the local sporting community plus other facets as well.

link navindesigns Joined: Mar 21, 2005
Posts: 8123
2/4/19 12:54:49 PM 
very interesting indeed

link camos Joined: May 6, 2003
Posts: 48250
2/4/19 1:26:24 PM 
no one interested in the price it was sold for, guys don't wonder how far you are from owning one of these teams?

link positiveg Joined: Mar 29, 2007
Posts: 21773
2/4/19 1:27:59 PM 
In reply to camos

I know the cost to run they say do be around $1.2 mil a year I'm gonna guess the cost to own a few north of that.
But it would be great to see a local person owning a team even majority or minority ownership can go a long way.
I gonna buy them in a few years time.

Very Happy Smile Sad Surprised Shocked Confused Cool Laughing Razz Embarassed Crying or Very sad Evil or Very Mad Twisted Evil Rolling Eyes Wink