Brands
Blue God Entertainment buys Legends League Cricket in Rs 49 crore deal
Acquisition makes it the first cricket league linked to a listed Indian entity
NEW DELHI: Cricket’s veterans’ carnival has found a new backer. Blue God Entertainment Ltd has acquired Legends League Cricket for Rs 49 crore, turning it into the first cricket league to be represented through a listed Indian entity.
The deal, announced by Absolute Legends Sports Pvt Ltd, signals a fresh chapter for the league that brings former international stars back into the spotlight. With this acquisition, cricket meets capital markets in a way rarely seen before in India.
Blue God will now hold long-term commercial rights spanning media, sponsorship, franchise development and global content distribution. In effect, it is not just buying a tournament, but a sports property with television appeal, brand muscle and the promise of recurring revenues.
Absolute Legends Sports chairman Vivek Khushalani, described the league as a scalable global sports property with strong commercial fundamentals and rising fan engagement. The partnership, he said, ushers in institutional capital and sharper long-term growth visibility while allowing his company to follow an asset-light strategy and retain brand leadership.
For Blue God Entertainment, the move fits neatly into its ambition to build a sports and entertainment ecosystem with dependable income streams. Spokesperson Nitin Khanna said the league offers a powerful growth platform and significant commercial potential.
Legends League Cricket co-founder Raman Raheja, called the transaction a defining moment for global sports business. By aligning a cricket property with public markets, he noted, the deal creates a new template for how sports intellectual property can be valued, monetised and scaled.
In simple terms, this is cricket stepping onto the trading floor. If the model succeeds, fans may soon find that the thrill of the boundary rope is matched by the buzz of the balance sheet.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
