1. According to reports, Tiger Global, a well-known investor with a technology focus, is in negotiations to buy a financial share in the Rajasthan Royals, an Indian Premier League (IPL) franchise.

2. The Rajasthan Royals will receive an investment of about Rs.32 Cr from the New York-based company, who values the franchise at Rs.5200 Cr.  whereas Chennai Super Kings is currently valued at ~5700 Crores in the unlisted market.

3. With this investment, Tiger Global is diversifying beyond its current emphasis on the internet commerce industry, where it is recognised for supporting firms like Flipkart, and entering India's athletic economy.

4. The transaction may involve a direct or indirect money infusion, with Tiger Global maybe supporting one of the Rajasthan Royals' current shareholders.

5. Manoj Badale, a UK-based investor who owns more than 60% of the shares of the franchise, is the owner of Rajasthan Royals' parent company, Emerging Media.

6. Tiger Global has been looking into IPL opportunities and conversing with other teams as well.

7. The Rajasthan Royals' stock was purchased by US-based RedBird Capital in 2021, valuing the organisation at more than $250 million. While a representative for Tiger Global declined to comment, the executive chairperson of the Rajasthan Royals said there were no active transactions when contacted for comment.

8. Current investments of Tiger Global in India include well-known digital businesses like Flipkart, Ola, Zomato, and Delhivery. Tiger Global also owns a share in Dream Sports, the organisation that runs the online fantasy game website Dream11, in addition to holding assets in the quick-service restaurant chain Wow! Momo and the tea brand Chaayos.

9. In contrast to the US, UK, and Europe, where institutional money have been active investors in sports leagues, this trend is only now beginning to take hold in India. CVC Capital Partners was the first private equity company to purchase an IPL team in 2021.

10. Tiger worldwide's proposed investment in the Rajasthan Royals is viewed as an opportunity and is unrelated to recent losses the company suffered in its worldwide IT portfolio.

11. The value of the IPL has significantly increased, growing by 75% in terms of dollars since 2020 to reach $10.9 billion in 2022. The Board of Control for Cricket in India (BCCI), which inked a $6.2-billion media rights contract, and the auction of two new IPL clubs, Gujarat Titans and Lucknow Super Giants, for a combined $1.6-billion worth, are credited with the valuation increase. The IPL's valuation, which increased by 90% in rupee terms, was calculated using the discounted cash flow (DCF) approach by the consulting company D and P Advisory. Disney Star purchased the broadcast rights for Rs 23,575 crore, and Viacom18 purchased the digital rights for Rs 23,758 crore over a five-year term. The media rights were acquired separately for television and internet platforms.