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US tech entrepreneur Govil is exploring a purchase of a team in Australia's Big Bash League, with the Melbourne Renegades and Hobart Hurricanes among the franchises of interest. He already owns or co-owns teams in Major League Cricket and the Hundred.
3:47 AMESPN Cricket
Prem Watsa is betting that Fairfax Financial Holdings’ acquisition of IDBI Bank will generate strong returns as India’s economy expands. The investment reflects a broader wager on the country’s long-term growth prospects.
12:55 AMBloomberg MarketsSummary
US tech entrepreneur Govil is exploring a purchase of a team in Australia's Big Bash League, with the Melbourne Renegades and Hobart Hurricanes among the franchises of interest. He already owns or co-owns teams in Major League Cricket and the Hundred.
Govil's interest would extend the growing cross-border ownership model in franchise cricket, but no transaction
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A new overseas owner could reshape the finances and competitive ambitions of a BBL franchise.
Summary
Prem Watsa is betting that Fairfax Financial Holdings’ acquisition of IDBI Bank will generate strong returns as India’s economy expands. The investment reflects a broader wager on the country’s long-term growth prospects.
The decisive shift is Fairfax’s increased exposure to India through a banking asset whose value
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal gives Fairfax a direct financial stake in India’s growth while raising the risks tied to the country’s banking cycle.
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