Who owns the teams competing in The Hundred?

Who owns the teams competing in The Hundred?

The sales of six of the eight franchises in The Hundred were completed last month, with Oval Invincibles and Trent Rockets still in the process of being sold.

Four teams are, or will be, owned by companies with stakes in Indian Premier League (IPL) sides, while the other four are supported by American investment.

Investors will take operational control from 1 October, meaning they will have no direct involvement in this year’s competition.

Here is a list of the ownership breakdown across each team that competes in The Hundred:

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Why were the teams sold?

The England and Wales Cricket Board (ECB) chair Richard Thompson says the franchises were sold to “fuel the competition’s growth”.

More than £500m generated via the sales will also be shared among the professional counties, with at least £50m for grassroots cricket.

The ECB still retains ownership of The Hundred and control of the regulations and playing window.

A new board will be established, featuring representatives from the ECB and the competing teams, and will decide the strategic direction and commercial growth of the tournament.

Speaking about the new owners, Thompson said: “We’re entering an exciting new phase and a seminal moment for cricket in England and Wales.

“We’ve got people who have never invested in cricket.

“Todd Boehly and Cain, they’re big investors in football, you’ve got the Washington outfit that have invested in Edgbaston – they see the opportunity in here.

“We don’t have a domestic competition that generates anything like the income that a rugby or a football does.

“There needed to be a rebalancing where we could generate an income from the halo of Test cricket, but underneath it, you need a thriving domestic competition.”

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Related topics

  • The Hundred
  • Cricket

Source: BBC

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