{"id":32765,"date":"2024-09-16T11:19:03","date_gmt":"2024-09-16T05:49:03","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/09\/16\/toyam-sports-limited-buys-out-hyderabad-franchise-in-legends-league-cricket\/"},"modified":"2024-09-16T11:19:03","modified_gmt":"2024-09-16T05:49:03","slug":"toyam-sports-limited-buys-out-hyderabad-franchise-in-legends-league-cricket","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/09\/16\/toyam-sports-limited-buys-out-hyderabad-franchise-in-legends-league-cricket\/","title":{"rendered":"Toyam Sports Limited buys out Hyderabad franchise in Legends League Cricket"},"content":{"rendered":"
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Mumbai (Maharashtra) [India] September 16:<\/span>\u00a0<\/strong>Toyam Sports Limited (TSL)<\/a>, India\u2019s Listed Sports company on the BSE & MSEI, buys out the Suresh Raina-led\u00a0Hyderabad franchise in the Legends League Cricket. Formerly known as the Urbanrisers Hyderabad, the franchise previously owned by Urbanrise group will now be known as Ultimate Toyam Hyderabad and will be seen in action in the upcoming season of the Legends League Cricket starting on the 20th of September. Toyam Sports Limited is a public listed company engaged in various sports production, promotion, and management.<\/p>\n

\u201cToyam Sports Limited has a distinguished legacy of promoting sports globally, and \u2018Ultimate Toyam Hyderabad\u2019 will be another proud achievement in TSL\u2019s journey. We are excited to be part of the upcoming Legends League Cricket season, marking a significant moment as we embrace Hyderabad\u2019s rich cricketing heritage. Our mission is to honor the franchise\u2019s legacy while inspiring future generations of sports fans across the state and the nation,\u201d said Mohamedali R. Budhwani, Chairman & Managing Director of Toyam Sports Limited.<\/p>\n

In recent years, Toyam Sports Limited has organized major events like \u2018Kumite 1 League,\u2019 an international MMA fight night with Mike Tyson as its brand ambassador, and \u2018Kumite 1 Warrior Hunt\u2019\u2014India\u2019s first sports reality web series\u2014along with several T10 and T20 leagues worldwide. Additionally, TSL owned a team in the World Tennis League and have title-sponsored the India vs. Bangladesh ODI series, among other initiatives. Toyam Sports Limited\u2019s commitment to strengthening the sports ecosystem is further reflected in its expansion into providing high-quality, affordable sports accessories.<\/p>\n

In addition to Toyam Sports Limited owning the franchise \u2018Ultimate Toyam Hyderabad\u2019, the franchise owners for this season\u2019s Legends League Cricket are as follows: India Capitals \u2013 GMR group, Southern Super Stars \u2013 Multi corporate consortium led by Qentelli, Manipal Tigers \u2013 Manipal Group, Konark Suryas Odisha \u2013 Assoctech group, and Gujarat Greats \u2013 Gujarat based consortium of companies.<\/p>\n

\u201cThis franchise sale in Legends League Cricket is in sync with the industry trend. It is the second franchise that has been taken on in this season and it is encouraging to see different titans of industry entering the sports sector. I am glad that one of our franchises in the Legends League Cricket has been able to draw a similar value as that of the other similar but bigger deals that happened in IPL that generally draw at 5.5x multiples.\u201d said Mr. Raman Raheja, Co-Founder, Legends League Cricket with respect to the introduction of the new franchise.<\/p>\n

In a similar kind of deal in IPL in 2018 JSW sports bought 50% stake in Delhi Daredevils. The deal valued the Daredevils at INR 1100 crore (US$169 million), double the US$84 million the team were originally purchased for in 2008, GMR Sports recouped its initial investment while retaining half of its stake, receiving INR 550 crore (US$84.5 million) in the first of its kind sale.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India] September 16:\u00a0Toyam Sports Limited (TSL), India\u2019s Listed Sports company on the BSE & MSEI, buys out the Suresh Raina-led\u00a0Hyderabad franchise in the Legends League Cricket. Formerly known as the Urbanrisers Hyderabad, the franchise previously owned by Urbanrise group will now be known as Ultimate Toyam Hyderabad and will be seen in action…<\/p>\n

Read More “Toyam Sports Limited buys out Hyderabad franchise in Legends League Cricket”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":32766,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[636,640],"class_list":["post-32765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=32765"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/32766"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=32765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=32765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=32765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}