New Delhi, Aug. 5 -- Former India fast bowler Zaheer Khan has entered franchise ownership in Sri Lankan cricket after Stockholm-based sports ownership group Anchor Sports AB, which he co-owns with businessman Nagendra Siddoutam, acquired Lanka Premier League (LPL) franchise Jaffna Kings.

Following the acquisition, the franchise will be rebranded as Anchor Jaffna Kings, marking a new chapter for the most successful team in LPL history after its previous ownership was terminated last month, as per Cricinfo.

The takeover comes just weeks after the franchise was placed under the emergency regulatory control of Sri Lanka Cricket (SLC) and LPL rights holders Innovation Production Group (IPG) following the termination of the previous ownership...