Fawad Sarwar, a businessman based in the United States, has acquired the rights to the Jamaican franchise, which is set to return to the Caribbean Premier League this summer.
Talks with GMR Group, co-owners of Indian Premier League side Delhi Capitals, have reportedly fallen through, paving the way for Sarwar, who operates the FKS Group and Kingsmen Sports and Enterprise, to close the deal.
The companies also own the Minor League Cricket side, Chicago Kingsmen, as well as newly established Hyderabad Kingsmen, a Pakistan Super League expansion team.
Meanwhile, Sabina Park is set to host four matches when the CPL makes its long-awaited return to Jamaica this summer. A statement from the league revealed that the development is a result of “productive and collaborative discussions with the Government of Jamaica."