The Indian Premier League (IPL) is heating up, and not just on the pitch. Behind the scenes, the Delhi Capitals’ ownership group, JSW GMR Cricket Pvt. Ltd., is making a big play by exploring a $90-$100 million loan through private credit.
This move puts the Capitals at the forefront of a growing trend in the sports world: turning to alternative financing options like private credit. Just a few months ago, Chelsea FC secured a whopping £500 million loan from Ares Management Corp., demonstrating the increasing appeal of this route for sports teams, reports Bloomberg.
So, what’s driving the Delhi Capitals’ loan interest? While the exact plans remain confidential, insiders suggest the funds will be used for “general corporate purposes,” potentially including infrastructure upgrades, player acquisitions, or expanding the team’s global reach.
The team itself serves as collateral for the loan, with broadcasting rights and sponsorships offering a potentially secure backing for lenders.