Surrey to keep majority as Mumbai Indians owners confirm Oval Invincibles stake February 10, 2025 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 [...]
County cricket windfall from Hundred sale must be spent properly February 6, 2025 With every county cricket club set to profit to the tune of millions from the Hundred sale, the ECB must ensure the windfall is money well spent. I dreamt last night that DeepSeek bought my favourite football club. Trouble was that the stadium PA played Glory, Glory Tottenham Hotspur as the players took to the [...]
Sunrisers Hyderabad owners buy Northern Superchargers outright February 5, 2025 Owners of Sunrisers Hyderabad Indian Premier League (IPL) team have purchased 100 per cent of Northern Superchargers in the Hundred. It is the latest sale in a series of eight auctions in which the England and Wales Cricket Board are flogging off 49 per cent of each team. The deal between Indian media conglomerate Sun [...]
Making it Raine: US bank to earn £10m from Hundred franchise sales February 5, 2025 The Raine Group is on course to bank around £10m in commission from its role in the sale of the eight Hundred franchises. City AM has learned that the New-York based bank will earn fees worth two per cent of the price paid for 49 per cent stakes in the franchises sold by the England [...]
Three Hundred franchises up for grabs with bidding set to resume February 4, 2025 The sale of the final three Hundred franchises could resume on Wednesday after being paused by England cricket chiefs to allow for previously unsuccessful bidders to reassess their options. Northern Superchargers, Trent Rockets and Southern Brave are still up for grabs following a £340m investment in the other five franchises which valued them at almost [...]
Lucknow Super Giants owner wins £100m race for Manchester Originals February 3, 2025 RPSG Group, the owner of Indian Premier League team Lucknow Super Giants, has won the race to buy into Manchester Originals in a deal valuing the Hundred franchise at £100m. The conglomerate, chaired by Sanjiv Goenka, has agreed to pay around £50m for the England and Wales Cricket Board’s 49 per cent stake in the [...]
Afghan Women’s Team first recipients of MCC Global Refugee Cricket Fund January 31, 2025 The Afghan Women’s Team will be the first recipients of the MCC Global Refugee Cricket Fund, it was announced on Friday. Marylebone Cricket Club and the MCC Foundation have launched the fund to help those in cricket who have been displaced due to conflict. The Afghan Women’s Team were forced into exile from their native [...]
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 [...]
Stokes and Gakpo part of £4m funding round for AI wealth firm Prosper January 30, 2025 England cricket captain Ben Stokes and Liverpool forward Cody Gakpo are part of a £4m funding round for a wealth management platform leveraging AI. The sportsmen joined Fuel Ventures, who led the round with a £2m investment, in London-based FinTech Prosper. Olympians Dame Jessica Ennis-Hill, Dame Sarah Storey and Tim Podcock, and footballers Ben White [...]
It’s not the 90s, TNT deal for Six Nations wouldn’t hurt rugby January 30, 2025 On the eve of this year’s men’s Six Nations bursts forth news that TNT Sports is preparing a bid for broadcast rights to the tournament from 2026. Cue mild hysteria at the possibility of rugby’s premier annual competition “disappearing” behind a TV paywall. An accelerant to the decline in mass interest in the sport or [...]