Win Projections to be updated soon
The official bids of at least seven Indian Premier League (IPL) teams to own and run a franchise in The Hundred have been made. The Women’s Premier League team UP Warriorz, which is owned by the Capri Capitals group located in Dubai, has reportedly received proposals from the Chennai Super Kings, Mumbai Indians, Kolkata Knight Riders, Sunrisers Hyderabad, Lucknow Super Giants, Delhi Capitals, and Rajasthan Royals.
Punjab Kings and Royal Challengers Bengaluru, meanwhile, have disassociated themselves from any chance to own a club in the UK. There is presently no information regarding the Gujarat Titans’ interest, although the team is in disarray due to several rumours that ownership may change before the 2025 Indian Premier League.
In the ILT20, the owners of the Desert Vipers and co-owner of Manchester United, Avram Glazer’s Lancer Capitals, have reportedly also placed a proposal. They have simply bid for the chance to invest in The Hundred, not for any specific team as of yet. Eight possible candidates will be chosen by the England and Wales Cricket Board (ECB) after reviewing all of the proposals.
Following that, these competitors will talk about the tournament’s business aspects and choose which franchise to acquire. After the IPL 2025 mega-auction, which is most likely to happen in the last week of November 2024, the ECB will probably proceed with the second round, which will be, to put it mildly, complex.
The ECB anticipates a valuation of between 75 and 100 million pounds in the interim. Due to their lack of a majority interest, the IPL owners will not, however, own any of the Hundred teams. Their counties will hold a 51 percent share in the teams, while they will control 49 percent of each. Although it is difficult to finish the
Also Read: Hollywood star Ryan Reynolds and nine IPL teams show interest in The Hundred
procedure before the next season, they do have the option to buy the 51% stake that is owned by the counties. The proprietors of Delhi and Rajasthan, meanwhile, are already in preliminary negotiations with a few county factions.
India
