Feb 12, 2025
In a landmark moment for English cricket, the auction process selling stakes in franchises in The Hundred competition concluded with a remarkable deal for 49% of Southern Brave, acquired by GMR, co-owner of the Delhi Capitals in the Indian Premier League. According to Yahoo Finance, this exchange, with GMR paying nearly £50 million ($62 million), contributed to the total value of stakes sold in the franchises soaring past £500 million ($620 million).
The England and Wales Cricket Board (ECB) initially targeted raising £350 million ($435 million) from the auction process. Successful deals, including the high-profile purchase of London Spirit by a billionaire tech consortium featuring Google CEO Sundar Pichai and Microsoft CEO Satya Nadella for £145 million ($180 million), have ensured the board comfortably surpassed its target. Another significant agreement saw Cain International, partly owned by Chelsea’s Todd Boehly, investing £40 million ($50 million) for a 49% stake in Trent Rockets.
Proceeds from these sales will be distributed among the 18 well-established county teams in the domestic game across England and Wales, the historic Marylebone Cricket Club, and part of the funds will promote recreational cricket within the region. The dynamics of The Hundred, initiated in 2021, have now also drawn participation from four IPL ownership groups, complementing a growing global interest in this format of cricket.
Market data from IndexBox highlights the steady growth and international expansion in the sports franchise sector, with cricket emerging as a lucrative field for investors. Such financial moves underscore the potential for further development and commercial success for English cricket’s newest competition, building on strong initial market interest and investment strategies.
Source: IndexBox Market Intelligence Platform
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition
PRO
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition
PRO
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition
PRO
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition
PRO
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition
PRO
The 2025 Women's Premier League (WPL) gets underway in Vadodara on Friday and the expanding edition of the five-team league is tipped to showcase India's formid
He made Brian Lara and Carl Hooper break down in tears. Such was the stirring of emotions, even hard-bitten Australian fans were mostly cheering him on when he
Moving to Sydney Thunder ahead of the 2024-25 season, Voll grabbed the opportunity to bat at the top with a couple of nineties. Another 98 for Queensland made
From left, Rishabh Pant, Rohit Sharma, KL Rahul (Photo: BCCI video grab) India will open their Champions Trophy campaign in Dubai on February 20 against Bangla