Wed | Oct 17, 2018

KKR buys stake in Red Steel

Published:Wednesday | June 17, 2015 | 12:00 AM

PORT-OF-SPAIN, Trinidad (CMC):

The chief executive officer of the Indian Premier League (IPL) franchise Kolkata Knight Riders says their decision to purchase a stake in Trinidad and Tobago (T&T) Red Steel was the best choice for the organisation.

Venky Mysore, also the managing director of KKR, says T&T's demographics and financial stability helped them to arrive at their decision.

Trinidad has produced some of the leading T20 players in the world who have plied their trade in the lucrative IPL.

"When this situation came along and we wanted to get involved, we felt T&T was the best choice because of the demographics of the country, as well as its financial capability," said Mysore in an interview with the Guardian.

"T&T is a growing middle-class society, so when the CPL contacted us, we were quite excited about it. T&T has a connection to India and Bollywood, and we felt it made sense to get involved."

vying for honours

Red Steel are among six teams vying for honours in the third edition of the CPL, which begins this weekend.

Top West Indies players Sunil Narine of Trinidad and Tobago and Jamaica's AndrÈ Russell currently represent KKR, while other regional players have had successful careers in the IPL, such as Chris Gayle, Dwayne Bravo and Lendl Simmons.

Bravo and South African duo Jacques Kallis and Johan Botha will line up for the T&T Red Steel in this season's IPL.