IPL: The cricket sensation causing a betting bonanza Sport Business Cricket’s biggest show returned this weekend with the 18th season of the Indian Premier League (IPL) getting underway in Kolkata. And while online betting is restricted in India – to such categories as the lottery and horse racing – there’s a growing international gambling market interested in the Twenty20 league. Ironically the Chennai Super Kings [...]
Women’s Premier League: Who owns the teams in IPL sibling? Sport Business Amid the hype surrounding the Hundred franchises being sold off to, mostly, Indian or American-Indian investors; the Women’s Premier League (or Women’s IPL) starts today. Having seen its five franchises fetch a collective $572m and media firm Viacom 18 spending over $100m on a five-year broadcast deal, the Women’s IPL is heading into its third [...]
ECB open to playing Hundred matches overseas after £1bn sale Sport Business The England and Wales Cricket Board (ECB) says it would be open to staging Hundred matches overseas following the sale of stakes in all eight franchises that values them at close to £1bn. The ECB will retain control of the competition but has pledged to engage with its powerful coterie of new investors, who include [...]
Eddie Jones: I want to become an IPL coach February 12, 2025 Former England rugby coach Eddie Jones has revealed he wants to move into cricket’s Indian Premier League, insisting he could “100 per cent” win the IPL. Jones is England’s most successful coach by win percentage, took the team to the 2019 World Cup final in Japan before being sacked and replaced by incumbent Steve Borthwick, [...]
Kolkata Knight Riders lose Trent Rockets Hundred team to Chelsea owner February 11, 2025 The face of Chelsea’s US ownership group, Todd Boehly, has won the auction to purchase 49 per cent of the Trent Rockets Hundred franchise. The deal, which would value the Nottingham-based team at £79m, is the penultimate Hundred franchise to be sold, with Southern Brave expected to be auctioned to Hampshire owner the GMR Group [...]
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 [...]
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 [...]
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: Sale of franchise stakes could value cricket league at £700m January 29, 2025 English cricket is set for a major financial boost with the Hundred sale, which enters its final round of bidding, expected to value the eight franchises at as much as £700m. That figure is double the sum the England and Wales Cricket Board rejected from Bridgepoint for the whole tournament in 2022 and would therefore [...]
Ahead of the Game: Hundred franchises set to choose their investors January 15, 2025 The eight Hundred franchises have been asked to name and rank at least two preferred bidders from the private investors who have submitted offers for a 49 per cent stake in the third and final round of the auction process which is currently taking place. All of the Hundred teams attracted multiple bids in the [...]