Fanwizz Private Limited is pitching its legends cricket league, Masters Pro T20, as a long-term investment, with a franchise ownership model, shared revenue and a proposed public listing. The first season is planned for January 2027.

The numbers

• Franchises: Six founding franchises are being valued at about ₹45–50 crore each, or ₹270–300 crore in total.
• League valuation: Fanwizz puts the league’s indicative value at ₹300–350 crore, with potential to reach ₹1,200–1,500 crore in the first three to four seasons.
• Revenue share: Under the proposed structure, 80% of the central revenue pool, made up of sponsorship, broadcast and media rights, and gate receipts, would be split equally among the six founding franchises.
• Equity: Each founding franchise is proposed to get a 6% stake in the league-operating company at the pre-IPO stage, or 36% in all by our calculation. This is subject to definitive agreements and approvals.
• Listing: Fanwizz is targeting a public listing after Season 3 and before Season 4, at an indicative valuation of ₹1,000–1,200 crore. The plan is for 80% of the IPO proceeds to be shared equally among the six franchises, subject to the final structure, approvals and legal requirements.

The company says plainly that “these are proposed targets, not assured outcomes.”

Avishek Mazumdar, Founding Partner, said: “We see Masters Pro T20 as a long-term investment in the business of sport… Cricket is the platform, but the investment thesis is about building an enduring sports business.”

Co-founder Salman Khan said the aim is “to align franchise owners with the growth of the overall property.”

The league will run through a subsidiary of Fanwizz. It is targeting distribution on linear television and digital platforms, including OTT and YouTube, and projects a combined reach of about one billion across television, digital and social media.

The announcement does not name the franchise owners, cities, players or broadcast partners, say whether any franchise has been sold, or mention sanctions from cricket authorities. The valuation and reach figures are projections by the organiser, and investors would need to see the definitive agreements.