IPL2024: According to a report, Delhi Capitals are likely to borrow $100 million

<p>The article states that the ownership of the Delhi franchise, JSW GMR Cricket Pvt. Ltd., plans to use the money for general business reasons. According to the reports, the Delhi Capitals are required to pledge the team’s assets as security for the substantial $100 million debt, including the team’s broadcasting and sponsorship rights.</p>
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<p>Regarding the most recent development, JSW Group representatives haven’t made any statements yet.</p>
<p>In the event that the loan amount is approved, JSW GMR will be seen as the most recent player in the sports sector to choose private credit as a source of funding.</p>
<p>In football, borrowing money from individual players is a rather widespread practice. Earlier, Ares Management Corp. provided £500 million to Chelsea FC.</p>
<p>Before the 2019 season, the Delhi franchise—formerly known as the Delhi Daredevils—changed its name to the Delhi Capitals.</p>
<p>The Delhi Capitals purchased a number of important players during the recently concluded Indian Premier League mini-auction, including Harry Brook (Rs. 4 crore), Tristan Stubbs (Rs. 50 lakh), Ricky Bhui (Rs. 20 lakh), Kumar Kushagra (Rs. 7.20 crore), Rasikh Dar (Rs. 20 lakh), Jhye Richardson (Rs. 5 crore), Sumit Kumar (Rs. 1 crore), Shai Hope (Rs. 75 lakh), and Swastik Chhikara (Rs. 20 lakh). (Rs. 20 lakh).</p>
<p>There are now 28.29 crores remaining in the team’s budget.</p>
<p>The Delhi Capitals roster:</p>
<p>Prithvi Shaw, Vicky Ostwal, David Warner, Abishek Porel, Kuldeep Yadav, Axar Patel, Lalit Yadav, Khaleel Ahmed, Mitchell Marsh, Ishant Sharma, Yash Dhull, and Mukesh Kumar are among the people named Rishabh Pant.</p>