Mega-rich Hundred franchise owners in London for start of competition Sport Business The mega-wealthy owners of London’s two Hundred franchises will be in the capital this week as the franchise cricket competition gets underway at the Oval. One of Asia’s richest family dynasties – the Ambanis – are expected to be at the Vauxhall cricket ground this afternoon as the newly branded MI London – formerly Oval [...]
Exclusive: Hundred investors in power struggle with counties Sport Business The honeymoon period for some Hundred franchises following their windfall from overseas investors appears to be over, with relationships between counties and the new co-owners at multiple teams described as “fractious”. Sources with knowledge of the power struggle told City AM that “culture clashes” between investors, mostly from India and the US, had led to [...]
MI London and Sunrisers Leeds: All Hundred deals completed Sport Business All eight deals for Hundred franchises have been completed after the Ambani family concluded negotiations with Surrey CCC. Six of the eight deals in the short-form competition, which saw eight 49 per cent stakes owned by the England and Wales Cricket Board sold to overseas investors, were completed earlier this year but two deals remained [...]