India’s £300m Commonwealth Games dress rehearsal for 2036 Olympics Sport Business The next Commonwealth Games in Amdavad will have a budget double the size of Glasgow’s in what will be seen as a dress rehearsal for an Olympic Games in India. The largest city in Gujarat, also known as Ahmedabad, will host the next edition of the Games, which nearly went under when Durban and Victoria [...]
IPL value drops for second year in row, sinking 10 per cent Sport Business The IPL’s estimated value has been downgraded for the second consecutive year, with the franchise cricket competition shrinking by over 10 per cent. The biggest cricket league in the world has been rocked by changes to betting laws in India, while a less competitive media rights landscape has contributed to D&P Advisory declaring shrinkage in [...]
Surrey to keep majority as Mumbai Indians owners confirm Oval Invincibles stake Sport Business Surrey have confirmed that they will remain majority owners of the Hundred franchise Oval Invincibles after taking investment from super-rich Indian family the Ambanis. The family, through Reliance Industries Limited, have agreed to purchase a 49 per cent share in the south London side in a deal that values them at around £125m. It was [...]
Mumbai Indians IPL owning Ambanis win race for Oval Invincibles January 30, 2025 Oval Invincibles have become the first Hundred franchise to see a 49 per cent stake sold, with Indian family the Ambanis the winning bidders. The 49 per cent stake in the Oval-based London team will value the franchise at £123m, according to the Telegraph, with Sky News’ Mark Kleinman reporting the Ambanis fended off bids [...]
Hundred bids close today. Ambani family and Delhi Capitals among parties October 18, 2024 Bidding in the first round of the Hundred auction closes today with the ECB confident that the eight franchises will attract between 60 and 80 bids. City AM has been told that many of the bidders have put in offers for several Hundred franchises however, which the ECB are encouraging in an attempt to inject [...]