"" Ares Management, a U.S.-based global alternative asset manager, is exploring a potential minority stake in the Kolkata Knight Riders, an Indian Premier League cricket franchise owned by Bollywood star Shah Rukh Khan.
According to reports, the discussions are ongoing, with no final decision made on the transaction. If successful, the investment would mark Ares Management's entry into the Indian cricket market.
The Indian Premier League, a professional Twenty20 cricket league, has seen significant growth in recent years, with its teams and sponsors drawing substantial attention and investment. Ares Management's potential involvement in the Kolkata Knight Riders could further boost the league's popularity and commercial appeal.
For now, the outcome of the discussions remains uncertain, with Ares Management holding off on making a final decision.
