Retired cricketer league receives ₹39 crore funding
₹39 crore in funding from Dubai-based real estate company, Brickwork Development. This investment values the retired cricketer league at ₹350 crore and will support it as it prepares for its next season from 11 September, according to the company. The upcoming season will be held in India and Qatar and will feature six teams composed of recently retired international cricketers.
In the past, the company has raised ₹26 crore in previous rounds in 2021 and 2022, in seed and angel rounds since its inception. Raman Raheja, co-founder and CEO of the company told Mint the league closed fiscal year 2024 with a ₹63 crore top line. “We earned ₹82 crore the previous year, but that was across two seasons, both the Masters and the franchise format.
Last year, we had only the franchise season," Raheja added. The new funding—which will be completed in tranches over the next four months, will help it expand its reach and maintain focus on promoting grassroots-level cricket. The league was founded by Raheja and Vivek Khushalani.
Brickwork Development's chairperson Ali Akbar Khan, is also managing director of a sports marketing company, Pacific Star Sports, based out of UAE. Khan also runs Pacific Ventures Ltd. LLC has grown steadily since its inception in 2022, positioning itself as a top T20 league for retired players.
It operates under two formats: LLC Masters, featuring international matches with three teams—India Maharajas, Asia Lions, and World Giants—and a franchise-based T20 format with six privately owned teams. The franchise-based model has gained traction, with teams like Gujarat Giants, India Capitals, Manipal Tigers, and Bhilwara Kings participating in previous seasons. In 2023, the owners of two new teams, Urbanrisers
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