The Hundred sales: Yorkshire become first team to sell entire franchise
Yorkshire has become the first team to agree to sell its full shares in one hundred teams.
Sun Group, the owner of the Indian Premier League Sunrisers Hyderabad, paid only over £100 million, with the 100% stake in the 100% stake in Home Howingley, Yorkshire.
Superchargers are the sixth team to receive this investment, and the Suns are the first to have a full franchise.
Yorkshire said in a statement that the Sunrisers “has a high reputation around the world” and that the partnership will “strengthen the team and Yorkshire cricket success in the coming years”.
CEO Sanjay Patel said the agreement was a “huge milestone” for the county.
“It has been consulted with them for some time and it is clear that they are aligned with the club’s values and future direction and will play a significant role in ensuring we can continue to have great success in the coming years,” he added.
Surrey negotiated a £60 million price with the owner of the Mumbai Indians last week with a 49% Oval Invincible stake, while giving the England and Wales Cricket Board (ECB) a 51% price.
Warwickshire agrees to sell 49 % of Birmingham Phoenix (Birmingham Phoenix) at a price of 40 million pounds. Sanjay Govil, an entrepreneur of Wales, was sold to Wales.
A consensus of 49% of London Spirit’s 145 million pounds was reached between MCC and a Silicon Valley consortium led by Nikesh Arora, while Lancashire became the first to sell its Some share of counties. Getting around £81 million with the owner of the Lucknow superbike.
Nottinghamshire will also sell 49% of the Trent Rockets in the coming days.
Billionaire Evangelos Marinakis, who owns Nottingham Forest, was linked to the Rockets’ bid last year.
However, sources close to the bidding said Marinakis did not follow up on his initial interest in the Trent Bridge-based franchise.
Nottinghamshire has not yet proposed publicly from the IPL, but at least one team that wants to be named is said to be interested.
Southern Braves will likely go to the co-owner of the Delhi capital The host of the acquisition of Hampshire.
The six sales to date totaled around £466 million, with most of them going to be distributed in 18 top counties, Marybon Cricket Club (MCC) and entertainment games.
This means the entire value of the six teams is about £740 million.
The Yorkshire sale was held after Chairman Colin Graves said that members-owned clubs must become private structures to survive the financial crisis.
It owes the Graves Family Trust nearly £15 million and has a total debt of more than £20 million.
But the controversial plan could be cancelled as the county sells hundreds of franchises, which are nearly £60 million.
Now all transactions have entered an eight -week exclusion period to finally determine the partnership.
Suns Group also owns Sunrisers Eastern Cape of the South African T20 League SA20.
