Sagar Khanna’s New York-based SKKY Group Acquire Colombo Franchise in LPL:
New York-based SKKY Group, owned by Sagar Khanna, has acquired ownership of the Colombo franchise in the Lanka Premier League (LPL) from 2023 onwards. The SKKY Group is a leading company in hospitality, retail stores, and real estate business, and Sagar Khanna has a deep interest in cricket. He is also a co-founder of the famous New York-based cricket franchise, Skky Strikers.
The acquisition marks SKKY’s entry into the South Asian cricket world and represents a significant milestone in the company’s growth strategy. The Colombo team, last year’s LPL finalist, will now be renamed as Colombo Strikers. Sagar Khanna expressed his delight at being associated with one of the most iconic cities of South Asia, Colombo, which has a rich cricketing history, legendary cricketers, and the most passionate fans.
The LPL has made rapid strides in recent years to emerge as one of the world’s most followed and reputed cricket leagues. SKKY’s investment in the game in its most vibrant market, South Asia, is a logical step in its growth strategy. The company’s entry into the South Asian cricket world shows that the sport is rapidly gaining popularity in the region.
Anil Mohan, Chairman of the IPG Group, the official right holder of the LPL, welcomed the new owners of the Colombo franchise and said that the acquisition was a natural fit for the IPG Group, which is committed to excellence and a passion for delivering value to fans in Sri Lanka and around the world. He also expressed his excitement at working with the SKKY Group to build a winning franchise and create memorable fan experiences.
Samantha Dodanwela, Tournament Director of the Lanka Premier League and Executive Committee Member of Sri Lanka Cricket welcomed SKKY Group to the LPL family and said that the interest shown by the entity would augur well for the league, which is growing firmly and aiming to be one of the best in the global T20 circle going forward. He also expressed his confidence that this partnership would be a feather in the cap for SKKY Group’s cricketing interests.
The LPL was launched in 2020, and its inaugural edition was won by the Jaffna Stallions. The league aims to be one of the best in the global T20 circle, and its growth has been rapid. The involvement of SKKY Group, which is a leader in hospitality, retail stores, and real estate business, will bring new energy and ideas to the Colombo franchise. The SKKY Group’s entry into the South Asian cricket world is an indication of the sport’s growing popularity in the region.
SKKY Group’s acquisition of the Colombo franchise in the Lanka Premier League is a significant development in the world of cricket. The involvement of a leading company such as SKKY Group is a testament to the growth potential of the league. The Colombo franchise, now renamed Colombo Strikers, will benefit from SKKY Group’s expertise in hospitality, retail stores, and real estate business. The partnership between SKKY Group and the IPG Group will help to create memorable fan experiences and build a winning franchise.
