Mobile Premier League (MPL), one of the most valued gaming platforms, has registered losses to the tune of about $149.3 million in FY22, from $48.3 million in FY21 a three times surge, media reports said on Tuesday.According to an Inc42 .
Kohli invested in gaming platform firm which is Team India’s kit sponsor
January 6, 2021
IN WHAT raises questions of potential conflict of interest, Indian cricket team captain Virat Kohli had invested in a company in February 2019, which today is BCCI’s (Board of Control for Cricket in India) official kit sponsor and merchandise partner.
Virat Kohli was allotted Compulsory Convertible Debentures (CCDs) for Rs 33.32 lakh in Galactus Funware Technology Private Limited, a Bengaluru-headquartered company, which owns the online gaming platform Mobile Premier League (MPL). Galactus is a subsidiary of M-League Pte Ltd, a company registered in Singapore in April 2018. On November 17, 2020, BCCI announced MPL Sports as the new kit sponsor and official merchandise partner for the Indian cricket team.