Krafton Dismisses IPL Team Stake Rumors Amid Rajasthan Royals Speculation
Krafton has dismissed speculation regarding a minority stake in the Indian Premier League (IPL) team Rajasthan Royals. In a clear statement, the company labeled these claims as “completely and utterly speculative.” This clarification follows a report from CNBC-TV18 about initial discussions concerning a potential investment.
Krafton’s Strategic Focus
Krafton emphasized its commitment to advancing gaming partnerships in India. Instead of pursuing specific deals, its primary mission is to enhance India-first gaming experiences. The company’s approach aligns with its strategy to focus on esports and gaming developments rather than entering the sports ownership arena.
Rajasthan Royals’ Ownership Structure
The Rajasthan Royals are substantially owned by Emerging Media, which holds a 65% stake, along with RedBird Capital and other investors. The franchise is reportedly interested in securing strategic minority partners to strengthen the connection between cricket and gaming enthusiasts without relinquishing control over the team.
Krafton’s Full Statement
Krafton provided insight into its operations, stating, “We continue to evaluate multiple partnerships aligned with our strategic vision. However, linking these potential partnerships to specific outcomes at this stage is premature. Any claims concerning investments in IPL franchises are purely speculative.”
Recent Developments in Indian Gaming
In a significant move, Krafton has taken over the publishing rights for “Real Cricket,” a leading mobile cricket game developed by Nautilus Mobile. This acquisition marks a pivotal step in strengthening the Indian gaming landscape. “Real Cricket” has garnered a vast player base, becoming a staple in cricket simulation gaming.
Krafton’s Commitment to India’s Gaming Ecosystem
This transition aims to cultivate a deeper engagement with Indian players. Krafton plans to support local gaming intellectual properties (IPs) with the potential for global reach. The integration of Nautilus Mobile’s expertise with Krafton’s publishing leadership is expected to enhance the overall gaming experience for Indian cricket fans.
Ongoing Initiatives and Future Goals
- Krafton has established the KRAFTON India Gaming Incubator (KIGI) to nurture local talent.
- The company is actively involved in organizing world-class esports events.
- Krafton is committed to substantial investments in Indian game development studios.
Through these initiatives, Krafton aims to fuel the ambitions of India’s gaming industry, creating opportunities for growth and innovation in the sector.
