Caribbean Premier League (CPL) cricket franchise St Lucia Zouks have been purchased by real estate magnate Jignesh Pandya, under the aegis of his Royal Sports Club company.
Pandya is the founder of the Rohan Group, a Philadelphia-based real estate venture with over 100 combined commercial and retail properties. He also serves as the chairman of Global Sports Ventures and the Royal Sports Club.
The financial terms of the acquisition were not released.
“Our aim is to help drive the Zouks forward to become the dominant team in the CPL by producing consistent results that will enable us to be title contenders in every edition of CPL going forward,” said Pandya. “Royal Sports encounters numerous investment opportunities in the sporting businesses across North America and Europe, and one of the investments that really excited us was the CPL and we felt it was a great addition to our sports portfolio.
“One of the key reasons being CPL has shown fantastic growth since its inception and it has quickly grown to over 120 million television viewers in such a short period of time. It has energised crowds to come and watch matches live at stadiums across the Caribbean and the United States with the party-like atmosphere.”
In September, Pandya’s Global Sports Ventures struck a deal with the United States of America Cricket Association (USACA) for the exclusive licensing rights to a new franchised Twenty20 professional cricket league.
The Zouks are captained by the former West Indies captain Darren Sammy and play their home games at a stadium named for the St Lucia native. They finished fourth in the 2016 CPL, a franchise-based T20 league launched in 2013, after they lost by five wickets to Trinbago Knight Riders in the eliminator final.