The American Cricket Enterprise (ACE) have announced that the Knight Riders franchise has entered its upcoming T20 league 'Major League Cricket' as one of its key investors. The Knight Riders will have a franchise in the tournament, which will be its third -- after Kolkata in the Indian Premier League and Trinbago in the Caribbean Premier League.

Vijay Srinivasan, who is one of the co-founders of the ACE, described the arrival of the Knight Riders as the "validation of our plan" to make cricket mainstre"We are hugely excited by the Knight Riders buying into the vision of Major League Cricket and look forward to working with them to bring the potential of American cricket to fruition," Srinivasan said, as quoted by Cricbuzz.

It is worth noting that the Knight Riders will be investing in the league, and not be merely participating in the tournament as a franchise (which is the case in IPL and CPL).

"It is great to have them in early in the process and have their expertise involved all the way through the league's launch. Moreover, their investment is a statement of validation of our plans. This is a strategic long-term investment into the future of cricket in the United States."am in the United States.