India's Sporting Tycoons
Photo by Newscom
India's business tycoons have taken more than a passing interest in sports, spending millions on often-idiosyncratic efforts to win athletic glory. Kingfisher's flamboyant Vijay Mallya, left, spent $110 million last year to buy a Formula One team that so far has performed poorly on the racetrack.
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Sunil Mittal and Soccer
Photo by Findlay Kember/AFP/Getty Images
Bharti Enterprise's Sunil Mittal is investing heavily in programs to improve the country's national soccer team, which hasn't qualified for the World Cup since 1950. Mittal says he hopes to see India qualify for the 2018 World Cup.
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Lakshmi Mittal and The Olympics
Photo by Frederick Florin/AFP/Getty Images
Steel baron Lakshmi Mittal is trying to develop India's Olympic athletes after being dismayed by the country's dismal showing in the 2004 Athens Games—just one silver medal for shooting. He's committed $10 million so far to a foundation that identifies promising Indian athletes and gives them access to modern training facilities.
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Mukhesh Ambani and Cricket
Photo by Raveendran/AFP/Getty Images
Mukhesh Ambani of industrial conglomerate Reliance has invested heavily in the new faster-paced Indian Premier League, paying $111.9 million to buy the Mumbai team early this year. (Vijay Mallya purchased the Bangalore team for $111.6 million).
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