Telugu star buys stakes in ICL team

MUMBAI: The Indian Cricket League’s Hyderabad Heroes got a boost with Telugu film industry superstar Vishnu Manchu, known for his blockbuster movie ‘Dhee’, bought a minority percentage stake holding of his city team.

ICL plans to form eight individual companies for the eight teams. This will give opportunities for potential sponsors and sports investors to double their advantage by becoming minority stakeholders and brand builders.

Kiran More, executive board member of ICL, said, “On behalf of ICL, I welcome on board Vishnu as an investor and enthusiastic cricketer. Vishnu’s impressive credentials as an entrepreneur and his popularity in Hyderabad adds solidity to ICL’s objective of promoting domestic Indian cricket.”

“At ICL we have consciously made plans to improve and promote the game from grassroot level. We believe that the right balance of time, money and opportunities through our initiatives will help any young cricketer build his career like a thorough professional and even earn a livelihood by playing quality cricket,” More stated further.
Vishnu praised the initiative of the Essel Group. “Initiative like ICL should be welcomed and promoted by all those people who have the passion like me for the game. When you have stalwarts and champions like Kapil Dev and Kiran leading from the front for the betterment of the game, people who are like minded should take this opportunity to help fulfil dreams of young budding cricketing talent. I promise to make all efforts to take my team and company, ICL Heroes Sports Pvt. Ltd. to a higher level.”