debut: 3/6/03
9,995 runs
The Republic Bank Caribbean Premier League (“CPL”) is delighted to announce that Denis O’Brien has taken full ownership of Cricket Sporting Investments Limited (“CSIL”), the holding company of CPL Limited which operates the CPL following a comprehensive sales process run by Digicel Group Holdings Limited (“DGHL”), the former majority shareholder.
DGHL, its independent directors and its advisors, Oakwell Sports Advisory, ran a sales process to dispose of its interests in CSIL. Oakwell executed a highly strategic and focused process, engaging with a select group of industry-leading investors, key stakeholders within the sports sector and existing CSIL shareholders, including entities controlled by Mr. O’Brien.
Having been involved with the CPL since the tournament’s inception in 2013, Mr. O’Brien is very pleased to have acquired CPL following the conclusion of this independent sales process.
Richard Bevan OBE, Chairman of CPL stated :
“It has been fantastic to watch the CPL grow over the last few years and we take great pride in seeing the tournament become the best attended sporting event within the region. We are excited to continue the journey with CPL and by Denis taking full ownership it allows us to ensure continuity and support for the management team whilst working closely with CWI President, Dr Kishore Shallow, the CWI board, the CWI executive team and other key stakeholders to create even more opportunities for the considerable cricketing talent that we are blessed to have in the region.”
Mr. O’Brien went on to add, “I have a deep love for the Caribbean and its people so it is exciting for me to see the impact CPL has had in uniting local communities – something about which I am very passionate. I will continue to ensure CPL makes a positive economic and cultural impact in the countries where we play and use the tournament as a platform for developing stars of the future, whilst shining a positive light on the Caribbean.”
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