The Lanka Premier League (LPL) franchise Jaffna Kings was involved in a controversy after their co-owner Manjot Kalra was arrested for a match-fixing incident. The franchise’s contract was terminated due to the inability to meet its financial commitments in the franchise agreement. Now former India National Cricket Team pacer Zaheer Khan and businessman Nagendra Siddoutam have taken ownership control.
Anchor AB is a Stockholm-based sports ownership group co-owned by Zaheer and Nagendra Siddoutam, who have taken over the ownership after the franchise was fully operational and controlled by Sri Lanka Cricket and IPG. One owner was arrested ahead of the tournament, and another went missing; that is the reason SLC and IPG took over emergency control.
As Anchor Sports AB steps in, it will help the team to have a structured environment with proper operational controls. The IPG media stated that the ownership control will also help the franchise to grow as a global brand with Zaheer as the co-owner, who has extensive knowledge of how to manage a franchise.
"The acquisition further strengthens Anchor Sports' growing international portfolio, which already includes the Antwerp Anchors in the European T20 Premier League (Belgium) and the Vancouver Anchors men's and women's teams competing in Canada's Super60 league," an IPG media release said.
"This is a significant step for us": Nagendra Siddoutam, co-owner of Jaffna Kings
Nagendra Siddoutam is happy to take over the ownership control, as he praised the history of Sri Lanka Cricket and also the LPL, which has been a competitive league in the league in very short time.
"This is a significant step for us," Siddoutam said in the release. "Sri Lanka has a rich cricketing heritage, and the LPL has established itself as a well-run, highly competitive league in a short span of time.
"The Anchor Jaffna Kings will be a natural extension of what we're building globally - franchises that are rooted in their local communities while being part of a connected, international Anchor network. We're looking forward to investing in the Anchor Jaffna Kings and contributing to the league's continued growth."
Zaheer Khan happy to be part of ownership of an LPL franchise
Zaheer Khan stated that he is happy to be a part of the deal, and he has always been a fan of Sri Lankan cricket and their bowling talent, as he has visited the country a lot of times during his playing days for the India National Cricket Team and now, being the co-owner, he is thrilled and excited to get started.
Zaheer Khan said he was thrilled to be part of the deal. "I've always admired the calibre, innovation and variety of bowling talent that comes out of Sri Lanka - it's a country I've visited, competed in, and hold very fond memories of."
"To now be part of Sri Lankan cricket as an owner is something I'm genuinely thrilled about, and I can't wait to get started with the Anchor Jaffna Kings."
LPL Tournament director Samantha Dodanwela said: "Having an owner of Zaheer Khan's calibre involved with the Anchor Jaffna Kings is a real boost for the league. The mentorship and direction he can offer our young Sri Lankan players will be enormous, and we're excited to see that experience passed on both on and off the field."
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