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 [...]
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 [...]
Six Nations investors CVC Capital Partners table Oval Invincibles bid January 23, 2025 Private equity giant CVC Capital Partners have reportedly tabled a bid for Hundred franchise Oval Invincibles. It comes as the eight teams are being asked by the England and Wales Cricket Board to shortlist three or four preferred bidders to take through to the next stage of the auction. The ECB is selling each of [...]
Ambani family on course for £100m London Spirit in Hundred auction January 22, 2025 The likely destinations of English cricket’s crown jewels in the Hundred auction are taking shape, with the Ambani family’s determination to buy 49 per cent of the London Spirit in a deal expected to exceed £100m forcing other bidders to look elsewhere. A consortium of Californian investors led by Nikesh Arora, chief executive of Palo [...]
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 [...]
Ahead of the Game: India want rule change to World Test Championship January 8, 2025 India are pushing for an overhaul of the International Cricket Council’s points system for the World Test Championship after missing out on the final for the first time. Australia’s 3-1 Test series win over Rohit Sharma’s side secured their place in the final against South Africa at Lord’s this summer, condemning India to third in [...]
Australian Ashes winner heads to Lord’s to coach London Spirit in Hundred January 2, 2025 Former Australia and twice Ashes winning coach Justin Langer has replaced Trevor Bayliss as coach of Hundred team London Spirit. Langer’s appointment comes weeks after Bayliss left the head coach role at the Lord’s team after Spirit won just three matches across the last two seasons in ECB competition. The 54-year-old played over 100 Tests [...]