A few Indian Premier League (IPL) franchise showed interest in The Hundred, a 100-ball cricket league run by the England and Wales Cricket Board (ECB). The deadline for submission of bids for the first round was October 18, and a number of Indian investors, including IPL teams, have shown strong interest.
Multiple IPL team owners are submitting bids for The Hundred
As reported by Cricbuzz, Mumbai Indians (MI), Sunrisers Hyderabad (SRH), Lucknow Super Giants (LSG), Kolkata Knight Riders (KKR), Chennai Super Kings (CSK) and Delhi Capitals (DC) are among the IPL teams. presented proposals.
Although there is no official confirmation, Rajasthan Royals (RR) are also believed to be involved in the bidding process. However, Royal Challengers Bengaluru (RCB) and Kings of Punjab (PBKS) they decided to stay away from the opportunity. There is uncertainty over the participation of Gujarat Titans (GT), although their owners CVC Capital has a presence in the UK.
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The ECB aims for a high franchise valuation
The first round of bidding required investors to express their interest without selecting a specific team. The team selection will be decided in the second round, which is expected to take place after the IPL 2025 mega auction. Commercial discussions will also take place in the second round, with the ECB targeting a franchise valuation of between £75m and £100m.
The ECB currently owns 100 percent of The Hundred and its teams. It plans to sell at least 49 percent of each team to new investors. Interested investors would have to invest between £40m and £50m to acquire a 49 per cent stake in a team. The remaining 51 percent will remain in the regions associated with each team.
