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Shah Rukh Khan's KKR group acquires Abu Dhabi franchise in UAE's T20 league, names it...

Shah Rukh Khan-led Kolkata Knight Riders group have acquired the Abu Dhabi franchise in UAE's new T20 league, after investing in IPL, CPL & MCL.

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The Knight Riders Group on Thursday announced that it has acquired the rights to own and operate the Abu Dhabi franchise and will set up Abu Dhabi Knight Riders (ADKR) as an integral part of the upcoming UAE's T20 League.

"For several years now, we have been expanding the Knight Riders brand globally and closely watching the potential for T20 cricket in the UAE. We are excited about becoming part of UAE's T20 League, which no doubt will become hugely successful," said actor-producer Shah Rukh Khan, who is leading the Knight Riders group along with actor Juhi Chawla and her husband Jay Mehta, in an official release.

The entry of Knight Riders group makes them the sixth team to own a team in the tournament and their fourth overall investment in a T20 League after IPL, CPL and MLC.

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Other team owners in the UAE T20 League include Adani Group (who acquired a franchise just three days ago), Capri Global, Lancer Capital, Reliance Strategic Business Ventures Limited (owners of Mumbai Indians) and GMR Group (owners of Delhi Capitals).

"We feel fortunate to have been consistently recognized as a global brand in T20 cricket. As T20 cricket expands around the world, we are flattered by the regular invitations to play a major role in growing the sport across the world. We have had a keen interest in the developments in the UAE and our expansion is consistent with our long-term strategy," said Venky Mysore, CEO of KKR and Red Chillies Entertainment.

After establishing Kolkata Knight Riders (KKR) in 2008 in the Indian Premier League (IPL), the Knight Riders became owners of the Trinbago Knight Riders (TKR) in the Caribbean Premier League (CPL) in 2015.

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Recently, the Knight Riders Group made a significant investment in Major League Cricket (MLC) in the USA and intends to set up a franchise in the greater Los Angeles area.

The UAE T20 League will see six franchise teams competing in a 34-match event with the inaugural edition of the tournament scheduled to be played this year.

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