Prithviraj and Asif Ali, two Mollywood celebrities, invested crores of money in sports sector, and Bollywood did the same.

E J network August 02, 2024 0

Abhishek Bachchan, John Abraham, Ranbir Kapoor, Sanjay Dutt, Akshay Kumar, Juhi Chawla, Preity Zinta, Shilpa Shetty, Taapsee, and Akshay Kumar Bollywood celebrities are known to invest in sports. Is the Malayalam film industry following the same With crores of investment., Asif Ali has joined the Super League Kerala (SLK) football league after Prithviraj and film producer Listin Stephen.

Asif invested to the Kannur Squad F.C. of SLK. The team's co-owners include MP Hasan Kunhi, director of Kannur International Airport Company (KIAL), Mibu Jose, MD of Doha Castle Group, Praveesh Kuzhuppilly director of Asset Homes, and Shamim Bakar, promoter of Wayanad FC.

Actor, director and producer Prithviraj is the first 'star' investor in the league, which is set to kick off in the first week of September. Prithvi is the co-owner of Forza Kochi FC. After that, film producer and distributor Listin Stephen became the majority shareholder of Thrissur Roar Team. At the time of Asif's arrival, three of the six franchise teams in the league already had investment from the film industry. It is indicated that more celebrity investment will reach the league.

Director Priyadarshan's acquisition of the franchise in the Kerala Cricket League and Mohanlal's arrival as the league's brand ambassador have boosted its value. In the first season of the Kerala Cricket League, each franchise will have to spend between two and a half to three and a half crore rupees for the team. Estimates indicate that this year, an investment of around 14 crore rupees will come from the film world for cricket and football in Kerala.

This is the new investment trend among Malayalam film stars. But elsewhere it is common for celebrities to own stakes in multiple sports. Shah Rukh Khan is the co-owner of the Kolkata Knight Riders (KKR) franchise in the Indian Premier League (IPL) cricket tournament. He also has stakes in teams like Trinbago Knight Riders (CPL), Cape Town Knight Riders (SA20) and LA Knight Riders (MLC).

Abhishek Bachchan is the co-owner of the Jaipur Pink Panthers of the Pro Kabaddi League (PKL) and the Chennaiyin FC team of the Indian Super League (ISL) football tournament. The star's favorite sports are football and kabaddi. Actress Preity Zinta is a familiar face at IPL matches. The actress is also the co-owner of the Punjab Kings franchise.

John Abraham is an investor in the North East United FC team in the ISL. Ranbir Kapoor is a shareholder in 2021 ISL champions Mumbai City FC. Taapsee Pannu's investment was in the Pune Seven Aces team that competed in the Premier Badminton League.