The Glazer family, who also own National Football League (NFL) team Tampa Bay Buccaneers, have made their first foray into cricket by acquiring one of the six franchises in the league through their company Lancer Capital.

A member of the Glazer family was also among the bidders when two new Indian Premier League (IPL) franchises were unveiled in October but was unsuccessful with a bid.

"I am very excited to be a part of UAE T20 at its formation. UAE T20 promises to be a world class event that will be transformative to the growth of cricket in the Emirates," Glazer said in a statement.

The newly established tournament with six franchise teams is set to be staged across the UAE in February and March next year.