moreThe point of inflection in cricket's development is finally here. On Friday, USA Cricket signed an agreement in Beverly Hills, California, which leads to the creation of Cricket Holdings America, an entity that will manage all commercial rights for cricket in USA in perpetuity. USA Cricket Association, New Zealand Cricket and several strategic investors are stakeholders in the new entity.
Cricket Holdings America is expected to have roughly $80 Million to $100 Million in capitalized value. This is based on the equity involvement of the strategic investors who are expected to own a sizable share of the entity. Joining at the inception as the cornerstone investor is Top Bloom and Podar Holdings.
Looks like US on the move...