Manchester United Co-Chairman, Avram Glazer (pictured, right), has completed the acquisition of a franchise in the UAE T20 Cricket League.
After failing in an attempt to buy a new Indian Premier League Team in October, Glazer led the acquisition as Chairman of Lancer Capital, which is making its first investment into international cricket via the newly established UAE T20 League. The acquisition comes almost 2 months after the Glazer family put £137m Manchester United shares up for sale.
Avram Glazer, Chairman of Lancer Capital LLC said: “I am very excited to be a part of UAE T20 at its formation. UAE T20 promises to be a world class event that will be transformative to the growth of cricket in the Emirates.”
Khalid Al Zarooni, UAE T20 League Chairman and Vice Chairman Emirates Cricket Board said: “I am very excited to welcome Mr. Glazer to the UAE T20 Family. To have a partner who has invested into sports properties with a long-term perspective is a testament to the strength of the UAE T20 League’s business model and its value proposition to fans and its stakeholders, and an ode to the UAE as the destination of choice for global sports events.”
Mubashshir Usmani, General Secretary Emirates Cricket Board, said: “We are extremely pleased that a legendary sports owner like Avram Glazer has chosen to partner with the UAE T20 League.
“This is a resounding thumbs up to the unique opportunity that the UAE T20 League offers to experienced and established sports business owners. Our partnership with Lancer Capital will enable us to combine fans of the two widely followed sports – football and cricket – in a never done before manner”.
Glazer has been the Co-Chairman of Manchester United since 2005 and he is also an owner of NFL Super Bowl champions Tampa Bay Buccaneers.