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NASDAQ listed IPG to invest $20M into Lanka Premier League in next 2 years | Business

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The sixth season of the Lanka Premier League (LPL) is set to begin with a major financial boost after league promoter Innovative Production Group FZ, LLC (IPG) secured fresh backing through a strategic merger with United States-based Flash Sports & Media Inc.

 


The all-stock merger brings IPG’s cricket league commercial rights portfolio, including the LPL, under NASDAQ-listed platform UGRO. Backed by the new structure, IPG has announced plans to invest $20 million into the LPL over the next two years as the tournament targets commercial growth, improved broadcast standards and wider international expansion across multiple cricket markets.


IPG merger brings institutional backing


IPG confirmed that it has completed its merger with Flash Sports & Media, placing its portfolio of T20 league rights under the publicly listed platform. The development is expected to strengthen the commercial structure of the LPL while providing access to institutional capital and governance systems aimed at long-term growth.

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While Sri Lanka Cricket will continue to own the intellectual property rights of the tournament, IPG will retain exclusive commercial and media rights for the league. The company said the latest move would help scale the competition in a more structured manner while focusing on franchise growth and operational stability.

 

IPG founder and chairman Anil Mohan said the LPL would benefit significantly from the transition, adding that the new structure would improve transparency, governance standards and long-term commercial planning while helping increase franchise value responsibly. 


Two-year investment plan for LPL


As part of the expansion roadmap, IPG plans to invest $20 million into the league over the next two years. The company said the focus would be on improving league infrastructure, strengthening sponsorship integration and building recurring commercial revenue streams.

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The investment will also be directed towards upgrading broadcast production standards to 4K and improving fan engagement initiatives. Officials said the objective is to create a sustainable commercial model that can support multiple cricket properties across emerging markets.

 


Flash Sports & Media chief executive officer Bradley Nattrass stated that the merger would help the company execute projects across several cricket economies simultaneously. He indicated that centralised commercial operations and aligned franchise strategies would support stronger sponsorship deals, improved broadcast partnerships and greater audience engagement.

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Chief financial officer Eric Sherb said the public-market structure would allow phased capital deployment while maintaining financial discipline and focusing on long-term commercial returns.


Expansion plans beyond Sri Lanka


Apart from the LPL, IPG also holds long-term agreements related to T20 leagues in Malaysia and Zimbabwe. The group confirmed that expansion into these markets forms part of a wider strategy to establish an integrated multi-market cricket business across South Asia and other emerging territories.

 

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The company said the aim is to connect standalone leagues under one commercial platform that can centralise sponsorship opportunities and create long-term asset value across different competitions.

 


Officials added that future growth plans would focus on scaling operations, increasing media reach and developing a stronger international cricket entertainment network.


LPL 2026 schedule and venues confirmed


The sixth edition of the LPL will be held from July 10 to August 5. For the first time, matches will be played across four venues, including Colombo, Dambulla and Kandy, with the Sinhalese Sports Club in Colombo set to host games for the first time in league history.

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The tournament is expected to feature several overseas players alongside leading Sri Lankan cricketers. The player registration window opened on May 4, while the player draft is scheduled to take place on May 24.

 


The LPL, operated by IPG under the patronage of Sri Lanka Cricket, has grown into one of the region’s prominent T20 competitions since its launch, attracting international participation and increasing commercial interest with each season.

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Vikings Add Playmaker to Summer Roster

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Oklahoma State Terrill Davis poses in the summer of 2025
Oklahoma State wide receiver Terrill Davis poses for a photograph during the Oklahoma State Cowboys football media days in Gallagher-Iba Arena in Stillwater, Oklahoma, Saturday, Aug., 2, 2025. © SARAH PHIPPS/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images

The Minnesota Vikings have a full roster entering the summer, filling out the 90-man depth chart with an extra wide receiver last week: undrafted free agent Terrill Davis.

Davis brings Division II production, Big 12 experience, and a long-shot path into Minnesota’s crowded receiver room.

Minnesota certainly didn’t need extra pass-catchers, but one extra in Davis won’t hurt for training camp.

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A Late-Spring Wide Receiver Flier in Minnesota

Get to know a little about Davis.

Oklahoma State receiver Terrill Davis catches a pass near the sideline against UT Martin.
Oklahoma State wide receiver Terrill Davis secures a catch and heads toward the sideline during first-quarter action against UT Martin at Boone Pickens Stadium on Aug. 28, 2025, in Stillwater, Oklahoma. Davis emerged as one of the Cowboys’ notable offensive contributors during the nonconference matchup while helping Oklahoma State establish early momentum on its home field. Mandatory Credit: NATHAN J. FISH/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images

Davis to Vikings

Vikings.com’s Lindsey Young wrote Thursday, “The Vikings have added a rookie wide receiver, announcing Thursday they’ve signed Terrill Davis out of Oklahoma State. Davis played 12 games for Oklahoma State in 2025 after transferring from Central Oklahoma. He totaled 29 catches for 373 yards (12.9 average).”

“In his final season for Central Oklahoma, he led all NCAA players regardless of division with 1,609 receiving yards en route to earning Division II All-America honors from the AFCA, The Associated Press and other outlets. Davis didn’t start playing football until his senior year at Choctaw High School (Oklahoma), when he opted to give it a try because basketball gymnasiums were closed during the COVID-19 pandemic.”

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Most signings like this don’t amount to much, but for a team that once cultivated Adam Thielen and C.J. Ham out of nowhere, Davis to Minnesota cannot be ignored.

The Scouting Report

Davis, a late-blooming receiver in college, stands out for his impressive production. Before transferring to Oklahoma State, he dominated Division II at Central Oklahoma, accumulating 109 catches, 1,609 yards, and 15 touchdowns. He then seamlessly transitioned to the higher level of competition in the Big 12, where he recorded 29 receptions for 373 yards, showcasing his ability to perform at that level.

Davis’s playing style suggests he is more of a raw talent than a finished product. He possesses sufficient speed to stretch the field. An Oklahoma State film review lauded his speed, vertical leap, and strong hands on difficult downfield catches, but also noted occasional drops on easier balls.

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His Central Oklahoma bio highlighted his speed to create separation, dependable hands, and ability to make plays after the catch. At 5-foot-11, 195 pounds, and with a reported 4.65 40-yard dash, he may not be a pure speed demon, but he demonstrates good athleticism and a notable ability to win contested catches.

Oklahoma State wide receiver Terrill Davis runs with the football during a game at Boone Pickens Stadium.
Oklahoma State Cowboys wide receiver Terrill Davis carries the football during first-half action against a conference opponent on Sep. 27, 2025, at Boone Pickens Stadium in Stillwater, Oklahoma. Davis continued building his role in the Cowboys’ offense during the 2025 season, showcasing explosive playmaking ability and open-field speed throughout the afternoon matchup. Mandatory Credit: William Purnell-Imagn Images

Ultimately, Davis is a raw, competitive, and productive prospect whose athletic potential warrants development. He projects as a practice squad candidate with significant upside rather than as an instant-impact player, and his unique collegiate journey makes him an intriguing prospect.

Our Janik Eckardt on Davis: “He wouldn’t be the first basketball player to make the transition. Even some elite NFL players, like Hall of Famer Antonio Gates, started out on the court. Those are mostly tight ends; Davis is not. The youngster joins a receiving crew that is set at the top with top stars Justin Jefferson and Jordan Addison, as well as recent signee Jauan Jennings.”

“Tai Felton, a third-rounder from the 2025 draft, has shown his worth on special teams and should have a roster spot secured. Unless any rookie can unseat Myles Price from the return jobs, he’ll also be on the team. That’s either the entire WR room or the Vikings keep a sixth, who would be found throughout the summer.”

The Full WR Crops

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Minnesota has a full house at wide receiver. After landing Jennings from free agency earlier this month, it doesn’t need more pass-catchers.

Yet, with the Davis addition, more youth is in the developmental pipeline:

WR1: Justin Jefferson
WR2: Jordan Addison
WR3: Tai Felton
WR4: Tai Felton
WR5: Myles Price
WR6: Jeshaun Jones
WR7: Dontae Fleming
WR8: Joaquin Davis
WR9: Dillon Bell
WR10: Luke Wysong
WR11: Marcus Sanders
WR12: Shaleak Knotts
WR13: Terrill Davis

When the final roster is announced at the end of August, the Vikings will likely keep about five or six of the players from the list — probably Jefferson through Price.

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Probably Eyeing the Practice Squad

Davis’s trajectory? Well, he’s not another Jalen Redmond in the making. Hardly anybody is; it’s what makes Redmond special.

Oklahoma State quarterback Hauss Hejny celebrates a touchdown with receiver Terrill Davis against UT Martin.
Oklahoma State quarterback Hauss Hejny celebrates with wide receiver Terrill Davis after a first-quarter touchdown run against UT Martin on Aug. 28, 2025, in Stillwater, Oklahoma. The Cowboys opened their season with aggressive offensive production, and Davis played a visible role in the early scoring sequence during the nationally televised home matchup at Boone Pickens Stadium. Mandatory Credit: NATHAN J. FISH/THE OKLAHOMAN / USA TODAY NETWORK via Imagn Images

Still, Davis can gaze at the 2026 practice squad as his goal. Often, the Vikings will keep up to 4-6 wide receivers on that section of the depth chart, one call-up away from Sunday action. Men like Jeshaun Jones know the drill. There’s no reason to believe Davis can’t follow suit.

Davis will turn 23 this summer. Next up for the Vikings are organized team activities (OTAs) on May 26, with Davis included.


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Dustin Baker is a novelist and political scientist. His second novel, The Invaders , is out now. So is … More about Dustin Baker
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Wayne Rooney Show: Why Arne Slot should keep Mohamed Salah away from Anfield

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Mohamed Salah’s social media post asking for Liverpool to return to playing “heavy metal football” is discussed on the latest episode of The Wayne Rooney Show.

Former England captain Rooney says he would have the forward “nowhere near the stadium” for Liverpool’s final Premier League match.

READ MORE: Liverpool must return to heavy metal football – Salah

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Top championship vacated by wrestler due to injury

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A major championship has been vacated at Pro Wrestling NOAH. 33-year-old wrestler Mayu Iwatani has confirmed that she has vacated the GHC Women’s Title.

The GHC Women’s Title was introduced in 2024. Kouki Amarei became the inaugural champion. In early 2026, Iwatani won the title by defeating Takumi Iroh at Marigold First Dream.

At NOAH Magic Monday, Iwatani confirmed she would be vacating the GHC Women’s Title due to a fractured toe, which has kept her out of action since mid-April. The 33-year-old wrestler confirmed that she will aim to regain the title once she gets the green light to return to action.

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“I really wanted to compete today, and I tried so hard to make it in time for WRESTLE MAGIC, but I have a fractured big toe, so I’m truly sorry… I will be relinquishing the GHC belt. It feels so bitter. I will definitely come back for this belt once I return! For now, just for a little while, we’ll have to say goodbye,” she said. [H/T: Fightful]

Former Women’s Champion IYO SKY opened up about her match with Mayu Iwatani

IYO SKY and Mayu Iwatani shared the ring at Marigold Grand Destiny 2025. The Genius of the Sky briefly spoke about the match and talked about using the Locomotion German Suplex.

The former WWE Superstar stated that she had to push herself beyond physical and mental limits to get past Iwatani.

“No, I don’t do them like that anymore. I haven’t done it even once in America, have I? Three consecutive German suplexes?; Mayu probably didn’t want to take it, so she might have resisted desperately, but I had no choice but to throw her! It became a match where I pushed myself beyond my physical and mental limits.”

Iwatani is best known for her tenure with World Wonder Ring Stardom. The 33-year-old held the Artist of Stardom Championship with SKY, formerly known as Io Shirai, and Takumi Iroha. Iwatani and SKY also held the Goddesses of Stardom Championship twice.