Some big IPL teams, like Mumbai Indians (MI), Chennai Super Kings (CSK), and Kolkata Knight Riders (KKR), have made official offers to buy parts of teams in The Hundred, a 100-ball cricket competition managed by the England and Wales Cricket Board (ECB). This shows that Indian investors are becoming more important in world cricket, and IPL teams want to grow in new places.
The first round of offers had to be in by October 18, and it’s known that other IPL teams, like Sunrisers Hyderabad (SRH), Lucknow Super Giants (LSG), and Delhi Capitals (DC), are also interested. The ECB plans to sell 49% of its share in The Hundred teams, and buyers might need to pay between 40-50 million pounds.
MI and CSK Among Leading Bidders, Others Show Interest
Mumbai Indians, Chennai Super Kings, and Kolkata Knight Riders are among the leading IPL teams looking to invest in The Hundred. Interestingly, Avram Glazer’s Lancer Capitals, who own Manchester United and the Desert Vipers team in the ILT20, have also entered the bidding process, highlighting the global interest in the league.
While several IPL franchises, such as Rajasthan Royals and UP Warriorz, are actively participating, others like Royal Challengers Bangalore and Punjab Kings have chosen to sit this one out. There is still some uncertainty surrounding Gujarat Titans, but CVC Capital, the team’s owner, has operations in the UK, which has led to speculation about their potential involvement.
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Future of The Hundred: Big Valuations and Strategic Partnerships
In order to find and execute strategic partnerships that can elevate The Hundred beyond the existing levels, the ECB is looking at team valuations in the range of 75 million pounds to 100 million pounds. Investors will own 49 percent of each team while the rest of the shareholding structure will be owned by counties affiliated with the teams. This means that counties are permitted to divest a fraction of their equity stake to external investors, which allows the investors to enter the structural hierarchy with control.
This is a very crucial development in international cricket, as it combines the fun of watching The Hundred with a more varied experience of IPL franchise. After the IPL auction, the second round of bidding which is anticipated will take place within the ltd set a timeline will deepen the expounding the league looking at the future in a new global perspective.
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