New CPL franchise owners to invest over US$3m

KINGSTON, Jamaica (CMC): Minister of Culture, Gender, Entertainment and Sport Olivia Grange has revealed that Kingsmen Sports Enterprise is set to invest over US$3 million to establish new Jamaican franchises in the Caribbean Premier League (CPL) and Women’s Caribbean Premier League (WCPL) competitions. The United States-based Kingsmen, owned by Pakistan-born businessman Fawad Sarwar, has committed annual investments of US$2.75 million to operate a professional men’s team as well as US$500,000 to establish and operate a professional women’s CPL team.