Ares Management is in talks to acquire a minority stake in Kolkata Knight Riders, the IPL franchise owned by Shah Rukh Khan, Juhi Chawla, and Jay Mehta. The Mehta Group plans to sell around 20% stake, valuing the team above $1.8 billion. Discussions are ongoing and may not result in a deal.
Ares Management in talks for KKR minority stake
Source: Moneycontrol