Dubai, March 10
The Gali Mohalla Cricket League (GMCL) has planned to raise ₹900 crore, which is around $100 million, via a tokenisation model based on blockchain technology. This is considered to be one of the first large-scale digital asset financing models tied to an international cricket league. The initiative is meant to launch a new type of funding model that includes sports, blockchain, and investment opportunities on a global scale.
The tokenisation model, according to the league, is meant to allow investors to gain access to various revenue streams associated with the league. This includes revenues gained via broadcasting rights, sponsorships, franchisees, licensing, digital fan engagement, among others. The tokenisation model is meant to launch a new model that allows a larger number of investors around the world to take part in the growth of the cricket ecosystem.
Baba Inder Preet Singh, the founder of the Gali Mohalla Cricket League, explained that the initiative has been created with the aim of attracting a broad spectrum of participants, including institutional investors, digital asset funds, family offices, and strategic partners from around the globe.
The tokenisation initiative has been overseen by Raj Kapoor, who has taken the role of lead advisor for the GMCL Tokenisation Initiative. Kapoor is a strategist specialising in blockchain, digital assets, and the tokenisation of real-world assets.
The GMCL token has been created with the aim of “unlocking value for the entire league ecosystem, connecting league owners, country franchise partners, team franchise owners, investors, players, sponsors, and fans.”
It has been estimated that the cricket league will be conducted at a large scale. It has been planned that there will be the formation of 800 franchise teams that will represent the major cricket markets in India, the Middle East, the UK, Australia, the US, Canada, and Southeast Asia. The cricket matches that will take place in the cricket league will be made available through television and other streaming platforms in more than 100 international markets. It has been estimated that the cricket league has the potential to attract more than 500 million viewers globally, based on the cricket fan base that is estimated at 2.5 billion globally.
The funds that are to be raised through the tokenisation issuance of $100 million are expected to be used to support various key areas of the league’s development. These include expansion of leagues, franchise, media production infrastructure, global marketing campaigns, sports infrastructure, and developing initiatives to train young cricketers. The funds will also be used to support the development of technology platforms that will be used to improve digital fan engagement and interaction.
The token offering is expected to be carried out under a regulated digital asset regime through an international financial jurisdiction that allows tokenised securities and blockchain-based investment structures. The token issuance is expected to promote transparency and allow participation of various international investors interested in sports and digital assets.
It has been observed that tokenisation via blockchain technology has the potential to revolutionise traditional sports finance by developing fractional investment models, which can allow global investors to gain access to revenue flows of sports leagues. The GMCL initiative is looking to place itself at the intersection of sports, media, and digital finance as a new model of investment is developed.
The Gali Mohalla Cricket League, which is internationally branded as the Global Mega Street Cricket League (GMSCL) and operates in conjunction with the GM Box Cricket Association (GMBCA), is set to launch its inaugural international and domestic season during 2026-2027. The inaugural season is to take place across 10 international countries and six states of India, which reflects the league’s objective of developing a global grassroots cricket platform with digital infrastructure.
With this initiative, GMCL seeks to harness the vast market of the global cricket industry and combine it with blockchain technology-based financial technology to provide fresh avenues of investment, innovation, and participation in the sport.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
