{"id":169713,"date":"2021-09-15T17:04:07","date_gmt":"2021-09-15T11:34:07","guid":{"rendered":"https:\/\/technosports.co.in\/?p=169713"},"modified":"2021-09-15T17:04:09","modified_gmt":"2021-09-15T11:34:09","slug":"premier-handball-league-licensee-bluesport-entertainment-to-invest-240-crores-for-the-development-of-sport-and-its-ecosystem-in-the-next-five-years-in-india","status":"publish","type":"post","link":"https:\/\/technosports.co.in\/premier-handball-league-licensee-bluesport-entertainment-to-invest-240-crores-for-the-development-of-sport-and-its-ecosystem-in-the-next-five-years-in-india\/","title":{"rendered":"Premier Handball League licensee Bluesport Entertainment to invest 240 crores for the development of sport and its ecosystem in the next five years in India"},"content":{"rendered":"\n

Entrepreneurs\u00a0Vivek\u00a0Lodha\u00a0and\u00a0Abhinav\u00a0Banthia\u00a0come on board as strategic investors<\/em>\u00a0<\/p>\n\n\n\n

New Delhi, September 15, 2021:<\/strong> With a vision to develop the handball ecosystem in India and take the sport to the next level, Bluesport Entertainment Pvt Ltd, the official license holders of the Premier Handball League (PHL) under the aegis of the Handball Federation of India (HFI), has announced a mammoth investment of INR 240 crore<\/em><\/strong>. The company has also disinvested shares and onboarded entrepreneurs Vivek Lodha and Abhinav Banthia as their strategic investors. <\/p>\n\n\n\n

The company\u00a0will use\u00a0the funding to\u00a0accelerate the growth of\u00a0both men\u2019s and women\u2019s\u00a0handball\u00a0in India\u00a0in the next five years,\u00a0providing\u00a0it\u00a0with\u00a0a\u00a0much-needed\u00a0boost\u00a0not just at the elite level but also at the\u00a0grassroots.\u00a0\u00a0<\/p>\n\n\n\n

\u201cInvestment\u00a0as well as having the right people as partners\u00a0is\u00a0key\u00a0to developing\u00a0any sport.\u00a0Apart from\u00a0creating\u00a0a professional handball league and its marketing, we are also looking at a holistic approach to develop\u00a0the\u00a0sport\u00a0at\u00a0the\u00a0grass-root level through\u00a0various\u00a0strategic collaborations and customised\u00a0programs\u00a0especially curated to train the\u00a0players,\u00a0coaches\u00a0as well\u00a0as\u00a0upgrading\u00a0the\u00a0handball infrastructure in India.\u00a0The business acumen of Mr\u00a0Vivek\u00a0Lodha\u00a0and Mr\u00a0Abhinav\u00a0Banthia\u00a0and\u00a0our vision to revolutionise\u00a0this\u00a0fastest Olympics\u00a0sport in\u00a0India\u00a0under\u00a0the guidance of\u00a0the\u00a0HFI\u00a0are some of the reasons that\u00a0ensured the board to go ahead with\u00a0this investment,\u201d<\/em>\u00a0said Manu\u00a0Agrawal, CEO and Co-Founder,\u00a0Bluesport\u00a0Entertainment\u00a0Pvt.\u00a0Ltd.<\/strong>\u00a0\u00a0<\/p>\n\n\n\n

The company\u00a0has already acquired the rights for both men\u2019s and women\u2019s leagues\u2014PHL,\u00a0in India for the next 10 years.\u00a0With an\u00a0investment\u00a0of\u00a0INR\u00a0120\u00a0crore\u00a0each for\u00a0the men\u2019s and women\u2019s\u00a0games,\u00a0it\u00a0plans\u00a0to\u00a0spend\u00a035\u00a0cr\u00a0for the\u00a0grassroots\u00a0development,\u00a0nurturing\u00a0and training\u00a0of junior and sub-junior\u00a0talents in the country as well as\u00a0implementing\u00a0a\u00a0well-structured program to help local coaches\u00a0acquire\u00a0international\u00a0standards.\u00a0It will also provide necessary international exposure\u00a0and foreign training opportunities to the\u00a0Indian players through the league.\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n

\u201cHandball\u00a0is\u00a0already a popular and\u00a0much-followed<\/em>\u00a0sport\u00a0globally\u00a0and\u00a0with\u00a0a massive\u00a0youth\u00a0population in India, there has\u00a0been\u00a0a steady rise in the appetite for new-age sports.\u00a0We will be using 25% of the funding in promoting handball across the country,\u00a0tapping the interest while\u00a015%\u00a0of it will go into\u00a0developing the infrastructure which,\u00a0I feel,\u00a0will be\u00a0the\u00a0key factor in the growth of the sport\u00a0in India.\u00a0In the next five years, we not only\u00a0want\u00a0to\u00a0change the way handball is\u00a0being\u00a0played or perceived in\u00a0the country\u00a0but also\u00a0to\u00a0make\u00a0the\u00a0PHL\u00a0a\u00a0commercially viable product. We expect 33% growth in\u00a0terms of\u00a0compound\u00a0annual\u00a0growth\u00a0rate and believe both the men\u2019s and women\u2019s leagues\u00a0are capable\u00a0of\u00a0recovering\u00a0the investment and turning\u00a0profitable by the end of\u00a0their\u00a0respective\u00a0third seasons,\u201d\u00a0<\/em>Agrawal\u00a0further added.<\/strong>\u00a0<\/p>\n\n\n\n

Played by\u00a0over\u00a0190 countries\u00a0across\u00a0the world, handball has immense popularity in India at\u00a0the\u00a0grass-root\u00a0level with more than 85000 registered players currently.\u00a0It is one of the few sports where female players match the competitiveness of their male counterparts and it also demands great physical fitness.\u00a0\u00a0<\/p>\n\n\n\n

The much-awaited inaugural edition of the PHL is scheduled to take place next year as the franchise-based league is all set to add a new and exciting chapter in the history of Indian handball. <\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurs\u00a0Vivek\u00a0Lodha\u00a0and\u00a0Abhinav\u00a0Banthia\u00a0come on board as strategic investors\u00a0 New Delhi, September 15, 2021: With a vision to develop the handball ecosystem in India and take the sport to the next level, Bluesport Entertainment Pvt Ltd, the official license holders of the Premier Handball League (PHL) under the aegis of the Handball Federation of India (HFI), has announced a mammoth investment of INR 240 crore. The company has also disinvested shares and onboarded entrepreneurs Vivek Lodha and Abhinav Banthia as their strategic investors.  The company\u00a0will use\u00a0the funding to\u00a0accelerate the growth of\u00a0both men\u2019s and women\u2019s\u00a0handball\u00a0in India\u00a0in the next […]<\/p>\n","protected":false},"author":2844,"featured_media":169714,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[166302,408109],"class_list":{"0":"post-169713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports","8":"tag-handball","9":"tag-premier-handball-league"},"_links":{"self":[{"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/posts\/169713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/users\/2844"}],"replies":[{"embeddable":true,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/comments?post=169713"}],"version-history":[{"count":0,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/posts\/169713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/media\/169714"}],"wp:attachment":[{"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/media?parent=169713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/categories?post=169713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technosports.co.in\/wp-json\/wp\/v2\/tags?post=169713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}