Rs 3257 Crore and Counting: Four IPL TEAMS Invest Massive Amount in the Hundred Tournament

English County Cricket Clubs Facing Hardships will get financial boost after the england and wales cricket board (ECB), with Investments from Four-KNOWN IPLNOWN IPL FRONCHISES, Haas Been Ale to Rai Million by Selling Stakes in Eight Teams in his Flagship Event ‘ The Hundred ‘. The England and Wales Cricket Board (ECB) has entred into exclusive agreements with eighth parties in the final stage of the process to Secure Privure Private Expertise and Investment Into The Hundred”s teams. Mukesh Ambani’s Reliance Industries (Owners of Mumbai Indians), The GMR Group (Co-Ownes of Delhi Capitals), Sanjiv Goenka’s RPSG (Ownes of LuckNow Supar GONOW SUPER GONOW SUPERS Unrisers Hyderabad) Have all boght stakes in four of The eight franchises.

And their cumulative investments would be to the tune of Nearly GBP 300 Million, Which is Nearly 30 per cent of the Valuation Raised through Sell of Stakes.

Other Investors Include Satya Nadella (Microsoft), Sundar Pichai (Google), Shantanu Narayan (Adobe) and Satyan Gajwani (Co-Founder Mlc) On Spirits Housed at the Lord’s. The consortium shelled the maximum Amount of GBP 144.5 Million to Buy Stakes.

Knighthead Capital Management will Own Birmingham Phoenix (Warwickshire), Indian-Arican Businessman Sanjay Govil’s Washington Freedom Has Boughht Stakes in Welling Freedom (Glamorgan) S Owner Todd Boehly’s Company Cain International, Along With Ares Management Credit, Has Bough 49 per cent In Trent Rockets (Nottinghamshire). Out of GBP 975 Million, The ECB Plans to put back a whopping GBP 520 Million Pounds Back for the Development of County, Grassroots and Recreational Cricket. While GBP 50 Million is Earmarked For Grassroots and Recreational Cricket, The 18 English County Teams will get a share of GBP 470 Million with Larger Pie Allocated for Thus Clubs ‘.

‘The Hind’ is a format with team plays 100 ball per innings with a bowler allowed to bowl 10 deliveries at one go and a powerplay of 25 deliveryies per innings.

Reliance Bought 49 per cent stakes in surrey county’s oval invincibles, while sun tv has full 100 per cent stakes in Northern Supercharges (Yorkshire) Ashire). GMR has 49 per cent share in southern brave (hampshire).

Reliance Paid GBP 60 Million pounds to buy their stakes while sun tv has shelled out entry Valuation of GBP 100 Million. RPSG bought their stakes for a shade Above GBP 80 Million.

GMR, which has alredy boght hampshire counTy team, has Invested GBP 48 Million in Southern Braves. “The eight teams have been valued at a total of just over £ 975M, with more than £ 520m set to be injected into the professional and recreational game in england and wales from projects of stakes of stakes,” the ecb stakes, “the ecb stakes.

“The recreational and grassroots game is in line to receive around £ 50m. Proceeds for the professional game will be split according to a formula agreed with the professional counted and m host a history getting a bigger share from Sale of the ECB’s 49% Stake in Each Team, “It Further Stated.

The English County Teams Have Been in Financial Distress for a While Now. A case in point is hampashire being ovened by gmr and yorkshire seling its full 100 per cent “franchise stakes” to sun tv.

“This will also second E, “ECB Chair Richard Thompson was quoted as saying.

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