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Last updateTue, 17 Mar 2015 2pm

#IPL: Lakshmi Mittal eyeing stake in Delhi Daredevils franchise - Reports

London-based Billionaire steel tycoon Lakshmi Mittal is in talks to buy an Indian Premier League franchise, according to reports.

The Indian Express said that Mittal has his eyes on the Delhi Daredevils franchise, a team which has underperformed on the field and whose financials aren't in the best of shapes.

If confirmed, Mittal will join the likes of liquor baron Vijay Mallya and Bollywood superstar Shah Rukh Khan in owning a team in the glitzy and hugely lucrative Twenty20 cricket league.

The deal is being negotiated by Mittal's son-in-law Amit Bhatia, the former investment banker-turned-wheeler dealer who helms Mittal's sports charity the Mittal Champions Trust.

Bhatia was also instrumental in orchestrating Mittal's purchase of a stake in the Premier League football club Queen Park Rangers.

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