Kolkata : As per reports, IPL franchises have approached the English 100 Balls league The Hundred owners for investment matters.
The Hundred kicked off in 2021, 8 teams and a new format, with each innings 100 Ball tournament. As the fourth edition of the Hundred is all set to get underway this month, the ECB has continued working on its plan to secure private investment in the competition.
The ECB wants private investment to not only get a financial boost but also to ensure that the tournament has a firm position in the global calendar. According to a reports, ECB also wants to make sure that it remains in control of the tournament. As a result, it wants to offer a 49 percent stake in each team to private investors, while the host teams would retain the remaining 51 percent shareholding.
Control comes at different levels, it comes at team level and it comes at competition level — that’s not something we are ceding control of,” ECB chief executive Richard Gould said.
“Different investor groups have different needs, for some it is about control of what happens on the field, for others it’s the commercial element”.
“You’re right about the strength of the Indian market — it represents probably 90 percent of the revenues coming into the ICC (International Cricket Council) and we have seen the proliferation of IPL teams moving outside of their home market into other national markets. I think that’s to be welcomed,” he added.
IPL , the richest & toughest T20 league’s investment in this tournament will be a boon for the ECB.
The IPL also made investments in other global T20 leagues like CPL, MCL, ILT20, SAT20. Their presence now maybe felt in The Hundred as well.
