Former IPL boss Lalit Modi owns 32 Ferraris, tells Michael Vaughan of global MMA league plans to rival UFC

Former IPL chairman Lalit Modi has revealed plans to launch a global MMA league while also offering a glimpse into his lavish lifestyle, including a Ferrari collection of 32 cars, during an interaction with former England captain Michael Vaughan on The Overlap Cricket podcast.

The conversation, which began with a tour of Modi’s London residence, turned to his passion for Ferraris before shifting to his ambitions in the world of combat sports. Modi said he is working on a new international MMA league that he believes could surpass the success of the Ultimate Fighting Championship (UFC).

Ferrari collection

Speaking about his fascination with the luxury car brand, Modi recalled how his father refused to buy him a Ferrari during his childhood, citing safety concerns. He eventually received his first Ferrari as a gift from his brother-in-law on his 40th birthday.

He also revealed a unique family tradition of gifting his son a Ferrari every year starting at the age of 21. The collection has since grown significantly, with Modi stating that the family owns 32 Ferraris, 11 of which belong to his son. Vaughan reacted with surprise, calling his son “quite a lucky chap,” prompting a light-hearted exchange between the two.

Vision for a global MMA league

The discussion then shifted to Modi’s future plans, where he outlined his ambition to build a global mixed martial arts league. He said he envisions a city-based, international format, arguing that the current structure of the UFC, led by Dana White, does not fully tap into the sport’s potential.

Modi claimed that the UFC, reportedly valued at $12 billion, is undervalued and could grow significantly with a different approach. He added that he has been actively working on developing his own league, which he expects to become a major force in global sport.

Background and recent public appearances

Modi, who is currently based in London following his exit from Indian cricket administration, has remained in the spotlight for his outspoken views on the global sporting ecosystem.

He first gained prominence after conceptualising the Indian Premier League in 2007, introducing a franchise-based T20 format that combined sport, entertainment and private investment. The league, launched in 2008, quickly became one of the most successful sporting properties in the world.

Fall from fame

However, governance concerns and financial controversies emerged in 2010, particularly during the Kochi franchise episode, leading to investigations into alleged irregularities. Modi was suspended by the BCCI and later banned for life in 2013. He subsequently moved to London, where he has remained while continuing to deny wrongdoing.

Despite his exit, the IPL has continued to grow, with its franchise-based model becoming a template for leagues across sports. Modi’s legacy remains a mix of innovation and controversy, as he now looks to re-enter the sporting arena with a new global venture.