The Hundred: IPL Franchises (Excluding RCB) Show Interest in Acquiring Stakes in the Hundred Teams
IPL franchises are eager to acquire stakes in The Hundred Tournament by purchasing franchises there. The England & Wales Cricket Board (ECB) is set to kick off three rounds of bidding for equity in The Hundred franchises on October 18. Interestingly, all Indian Premier League teams, with the exception of the Royal Challengers Bengaluru (RCB), have expressed interest in this opportunity.
With the England & Wales Cricket Board opening the bidding rounds for the equity in the Hundred Tournament franchises, the IPL teams have now shown interest there to getting the equity and claim the teams now. Out of the 10 franchises, only Royal Challengers Bengaluru has shown no interest in buying stakes in any of the franchises while the other 9 teams are keen to open their accounts in the Hundred Tournament.
The preferences of all the IPL teams are listed below:
- For the Mumbai Indians franchise, they are looking to take up the stake in London Spirit or the Oval Invincibles which could go up to 49%. Previously, the franchise was looking to go for London Spirits, but now after claiming the teams such as SA20 (MI Cape Town), Major League Cricket (MI New York), and ILT20 (MI Emirates), they are looking to add another franchise now;
- Last month, GMR Group, co-owners of the Delhi Capitals (DC), secured a majority stake in Hampshire and are now interested in acquiring the Southern Brave. Given that they already own the Utilita Bowl (South Bowl) Ground, the Hilton hotel, and an 18-hole golf course, adding the Southern Brave to their portfolio seems like a logical next step for the group;
- Sunrisers Hyderabad, Rajasthan Royals, and Lucknow Super Giants recently expressed interest in acquiring Yorkshire Cricket Club, which suggests they may now target the Northern Superchargers;
- In contrast, Royal Challengers Bengaluru is not considering any franchise acquisitions and has decided to stay out of the bidding process.
After expressing interest, over two dozen Indian parties were carefully screened by the Raine Group, which the ECB designated as their “financial advisor.” In the coming weeks, additional details regarding India’s involvement will become clearer as the ECB works to maintain The Hundred through private investments.
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