Latest news with #RPSG
Business Upturn
a day ago
- Business
- Business Upturn
RPSG Ventures shares rise over 3% after Manchester Originals acquisition update
By Aditya Bhagchandani Published on July 29, 2025, 09:41 IST Shares of RPSG Ventures Ltd jumped over 3.6% on Monday, July 29, to ₹986.00 on the NSE after the company confirmed the acquisition of a majority stake in a UK-based cricket franchise. The surge came after RPSG Sports Ventures Pvt Ltd (RPSVPL), a subsidiary of RPSG Ventures, executed a Share Purchase Agreement with the England and Wales Cricket Board (ECB) to acquire a 70% equity stake in Manchester Originals Ltd. According to the company's stock exchange filing, the acquisition was completed on July 28, 2025, for a total consideration of GBP 81.21 million (approx ₹941 crore), to be paid over a period of 24 months. This strategic move brings Manchester Originals—a team in 'The Hundred' cricket tournament—under RPSG's sports portfolio. The management said the acquisition is part of RPSG's long-term vision to strengthen its footprint in the global sports ecosystem, particularly in cricket. It expects the deal to open up international growth opportunities through collaborations, talent development, and increased brand visibility across major cricket markets. Manchester Originals, founded in 2019, had a turnover of GBP 2.04 million for the financial year ending January 2024. The team represents Lancashire in The Hundred and becomes a step-down subsidiary of RPSG Ventures following the acquisition. The announcement was well received by investors, pushing the stock to its day's high of ₹988.65. RPSG shares have now gained over 45% in the past six months. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
5 days ago
- Sport
- News18
LSG Sign Deal To Buy 70 Per Cent Stake In Manchester Originals On Hariyali Amavasya
Curated By : Last Updated: July 25, 2025, 12:21 IST Sanjiv Goenka owns LSG. (BCCI Photo) Lucknow Super Giants have reportedly signed on the dotted line to acquire 70 per cent stake in The Hundred franchise Manchester Original. LSG, an IPL franchise, is owned by the chairman of RPSG Sanjiv Goenka. The contracts were signed on Thursday morning with the deal reportedly finalised earlier this week. According to a report in The Observer , LSG had requested the signing to be done on July 24 as it marks the beginning of a two-day religious festival known as Haryali Amavasya . LSG's owner wanted to time the beginning of their ownership of Manchester Originals to coincide with the auspicious festival. Manchester Originals To Be Renamed LSG, who also own Durban Super Giants in the SA20, will rename their Hundred franchise to Manchester Super Giants from next year. RPSG placed the highest bid to buy Originals in February this year with reports claiming the group values the team in excess of £100m. Swipe Left For Next Video View all Shashwat Goenka, the RPSG vice-president, had said they hope to challenge the popularity of Manchester United and Manchester City 'We are not football, we are cricket," Shashwat had said. 'We want the Manchester franchise in the Hundred to become the third biggest sports team in Manchester and challenge those two sports teams in Manchester." Feroz Khan Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journey in 2011 and has since acquired vast experience in digital... Read More Feroz Khan has been covering sports for over 12 years now and is currently working with Network18 as Principal Correspondent. He embarked on his journey in 2011 and has since acquired vast experience in digital... Read More view comments News cricket LSG Sign Deal To Buy 70 Per Cent Stake In Manchester Originals On Hariyali Amavasya Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Guardian
7 days ago
- Business
- The Guardian
Old Trafford chaos as Lancashire try to woo India but forget local fans
'Lancashire Cricket is playing its role in supporting bilateral trade talks between the UK and Indian governments.' What does this mean? George Balderson mediating discussions over whisky tariffs? Luke Wells flanking Keir Starmer during his handshake photo op with Narendra Modi? The line appears on the club's website, highlighting an event at Old Trafford in March to welcome a new Indian consulate in Manchester. It's undoubtedly odd but also nothing new. The push to develop Indian ties has been part of Lancashire's story for a while now, the journey beginning at India and Pakistan's clash in the city at the 2019 World Cup. The story goes that their chair at the time, the late David Hodgkiss, observed the passion in the ground and told the chief executive, Daniel Gidney, that Lancashire needed to look east. 'My aim is that, one day, everyone in India will see Lancashire as their second favourite team,' Gidney told ESPNcricinfo in 2020. If that sounds a bit big-hearted, then there is the practical element, too. 'Rooms in our hotel were selling for £3,500,' said Gidney, referring to the Hilton that is part of the ground. So it leads to all of this: Lancashire having its own channel on JioTV, an Indian streaming service; pre-season tours of the country; hosting a networking event in Bengaluru to promote tourism in Manchester; expressing the desire to have an Indian Premier League partner for the Old Trafford-based Hundred team. RPSG, which owns Lucknow Super Giants, was the winning bidder, acquiring a 70% stake in Manchester Originals. This feels like a big week for the county, who do not host a Test next summer and won't receive the substantial injection of a men's Ashes match in two years' time. A contest involving India is the one to capitalise on and another substantial advertisement for those watching abroad. It comes two weeks on from the first women's Twenty20 international held at Old Trafford in 13 years, India beating England by six wickets. Lancashire admitted to disappointing ticket sales for the Test visit of Sri Lanka last year, and rain meant an abandonment of an England-Australia men's T20 in September. Their opportunity to host India four years ago was ruined by a Covid outbreak and a controversial last-minute cancellation, though the England and Wales Cricket Board stepped in to cover ticket refunds. There might have been a brief moment of relief for the club's hierarchy when Chris Woakes sent the ball down to Yashasvi Jaiswal on Wednesday morning. Not that everyone got to see it, as queues outside the ground derailed the arrival of supporters. Lancashire released a statement that tried to shift some of the blame, before admitting the need to change arrangements for the remainder of the Test. 'We are aware that some supporters experienced queues getting into Emirates Old Trafford this morning, which we apologise for,' the club said. 'We saw nearly 9,000 supporters arrive at the ground very late despite encouraging early arrival, with all bags subject to searches on entry. 'The club will be looking at increasing the number of gates for the rest of the Test match. We strongly encourage ticket buyers to only bring bags if required, and if doing so to arrive as early as possible. Gates will be open at 9am for the rest of the game.' Build your brand overseas, but those at home deserve more love, too. Sign up to The Spin Subscribe to our cricket newsletter for our writers' thoughts on the biggest stories and a review of the week's action after newsletter promotion Lancashire supporters may well agree. They do have plenty of things to celebrate this season – an upcoming men's Blast quarter-final, the women's T20 Cup victory, and the enduring presence of Jimmy Anderson – but there has largely been misery in the County Championship. Relegation last season was followed by a dire start this year, with Dale Benkenstein departing as head coach after seven winless games and Keaton Jennings stepping down as red-ball captain. Those who did beat the morning queues might have expected a bit of fire between the two teams: eyeballs, finger-wagging, stump-mic bleeps, the whole lot. After the tetchiness of the previous Test, Harry Brook had talked about England shedding their nice-guy image; Shubman Gill had continued to take umbrage with the hosts' time-wasting. But the morning lacked caffeine and any sunshine to boil tempers. Jaiswal and KL Rahul were watchful, Chris Woakes yearned for an outside edge to carry to the cordon, Jofra Archer stayed economical. Hostility was not the word to use. Maybe they were just playing their roles in supporting bilateral trade talks between the UK and Indian governments.
Business Standard
15-05-2025
- Business
- Business Standard
Saregama India gains after Q4 PAT climbs 12% YoY to Rs 60 cr
Saregama India advanced 1.96% to Rs 558.90 after the company's consolidated net profit jumped 11.77% to Rs 60.13 crore despite 8.45% decline in revenue from operations to Rs 240.82 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) stood at Rs 81.62 crore in Q4 FY25, up 7.35% YoY. Adjusted EBITDA (EBITDA excluding content charge) stood at Rs 101.6 crore, registering the growth of 18% compared with Rs 86.4 crore in Q4 FY24. Adjusted EBITDA margin stood at 42% in Q4 FY25 as against 33% in Q4 FY24. Revenue from music and artist management rose 0.35% to Rs 171.4 crore in Q4 FY25 from Rs 170.8 crore in Q4 FY24. While revenue from video declined 22.4% YoY to Rs 49.2 crore during the quarter. On full year basis, the companys consolidated net profit jumped 3.38% to Rs 204.26 crore on 45.87% increase in revenue from operations to Rs 1,171.36 crore in FY25 over FY24. The company said that investments in content grew at 62% to touch Rs 316.0 crore, highest ever in its history, well on course to invest Rs 1,000 crore between FY25, FY26 and FY27 Avarna Jain, vice chairperson, Saregama India, said, Another path breaking year for Saregama with highest ever revenue from operations, driven by clear strategy of aggressive investments and diversification of IP monetization, including music, video and live events. The company stands on the cusp of an exciting growth phase with huge opportunities in this fast growing sector. Saregama India is a RPSG group company owning the largest music archives in India and one of the biggest in the world. It has also expanded into other branches of entertainment - film & series production, live events, and music-based consumer products.
Yahoo
14-02-2025
- Business
- Yahoo
Lancashire hope Old Trafford Hundred franchise can rival Man Utd
Lancashire hope their new Indian Premier League partners can help the English cricket county's Hundred franchise rival football giants Manchester United and Manchester City in "the UK's number one sporting city". RPSG Group, the owners of Lucknow Super Giants, have agreed to pay around £80 million ($101 million) for a 70 percent share in Manchester Originals. It is one of several lucrative deals across the eight Hundred franchises that are set to bring in more than £520 million into English domestic cricket -- including an immediate £25 million for Lancashire. The Hundred has proved controversial, with many county cricket fans angry at the way the tournament deprives their side of key players at the height of the season. The terms of the RPSG deal are yet to be finalised, but Lancashire chief executive Daniel Gidney said he is excited about the potential impact of the new investment at the Old Trafford club, just down the road from United's ground of the same name. "We've talked about Manchester being probably the UK's number one sporting city," Gidney said on Friday. "Manchester is a global sporting capital... a powerhouse. "We want the Manchester franchise in the Hundred to become the third-biggest sports team in Manchester and challenge those two sports teams in Manchester (United and City). - Big ambitions - "That is the scale and level of the ambition of both of us as partners.... This is something that is incredibly exciting for us and that is why we wanted to partner with an IPL team and we always have done. "You've got a 1.4 billion population of people (in India) who adore cricket. Why wouldn't we want to inject a bit of that energy and passion into Manchester and Lancashire?" Shashwat Goenka, vice-chairman of RPSG, admitted his group had initially wanted a stake in the Lord's-based London Spirit side before losing out to a mammoth bid from a Silicon Valley consortium, which offered a reported £145 million for a 49 percent stake. He said he was glad to have joined forces with Lancashire instead. "While we did bid aggressively for Lord's, we stopped at a point and I'm extremely happy with Manchester," he said via a video link from Kolkata. "We are very excited with this investment. It's going to be a formidable partnership," "From a cricketing standpoint, it is one of the only sports in the world that has the kind of viewership that it does globally across race, caste, culture, religion, any of that. Manchester is a global sporting hub... one of the top five sporting cities across the world." England opening batsman Phil Salt, who plays for Lancashire and the Originals and also has IPL experience, said the new cash injection could make the Hundred become world cricket's premier franchise competition. "At the inception of the IPL, I suppose their ambition was to bring the world's best tournament that we've ever seen and that's exactly what they've done," he said. "We sit here today knowing full well that our ambition is to bring the world's best cricket to Manchester." jdg/jw/pb
