Major League Cricket raised $44 million in series A and A1 funding and secured an additional commitment of $76 million over the next year, the league announced on Wednesday.
Why it matters: Media rights deals to live sports are pricey, and cricket is no exception. Disney's Star India paid $2.55 billion for a five-year TV and digital rights deal of Indian Premier League games. A new deal could surpass $6 billion, per Front Office Sports.
