We are looking at IPL as a big opportunity, says Parth Jindal of JSW group

Sajjan Jindal’s son Parth Jindal of the JSW group made it very clear that they are looking to grab their chance of entering the IPL fraternity. He said entering the IPL will be only profit based as JSW looks to take over the outgoing franchises.

He sounded positive while stating the TV deals and the profit each IPL team earns. Parth said, “The IPL will be a profit-making venture. I think all IPL teams will make money.” Further went on to say that cricket hardly needs any investment as it already has so much money. “Cricket does not need any investing, (it) has enough money already,” said Parth while talking to the press.

The multi-billion JSW group was looking to get into the act in 2015 itself but the league was hit with spot-fixing scandals and they decided against it. Royal Challengers Bangalore were struggling to get through at that time and there were rumors of Vijay Mallya selling the Team, however, the plan did not fall into place.

There are now a couple of franchises which are looking to get out of the cash-rich league, however, the franchises were not disclosed by the man from JSW. He said that they are looking at the Indian Premier League as a huge opportunity to extend their reach and explained that they are keeping tracks of the franchises that are looking to exit from the league.

“We are looking at IPL as a big opportunity. There are a couple of franchises, which we know, are looking to exit. So, we are actively looking at that,” Parth disclosed when he was talking to a bunch of journalists at a group function in Jaigad not so long ago.

It will be interesting to see how things pan out as JSW are a strong group and will add to the spice of the tournament and bring in more money.