Six investors finalize a hundred deals with ECB; Two more to sign up in October. Cricket news
England and Wales Cricket Board (ECB) announced the completion of deals with “six strategic partners” for teams in hundred, with two more deals finally finalized. The partnership of more than £ 975 million, collectively, will inject more than £ 500 million in English and Welsh cricket, with £ 50 million dedicated to ground level development. The deals mark a historical moment because a hundred this scale becomes the first UK sports competition to secure the franchise participation.Among the six full deals, 49%of London Spirit, Knighthead Capital Management, Birmingham Phoenix, 49%of RPSG Group, 70%of Manchester Original, 49%of Sun TV Network Limited, 49%of North Super Charges, 100%of Northern Supervisors, GMR Group got 49%South brave, and Washington FreeD 50%.Go beyond the border with our YouTube channel. Subscribe now!The remaining two deals, which are on track to be completed later, have 49% oval invincible in the Reliance Group and 49% Trent rockets in Can International and Ares Management.Reliance Group and Can International and Ares Management can complete their respective deals at the later date. The ECB gave investors the option to complete the later date.Full deal in hundred
- London Spirit – Tech Titans (49%)
- Birmingham Phoenix – Nighthead Capital Management, LLC, from its investors (“Nighthead”) (49%)
- Manchester Original – RPSG Group (70%)
- Northern Supervisors – Sun TV Network Limited (100%)
- Dakshin Bahadur – GMR Group (49%)
- Welsh Fire – Washington Independence (50%)
Deal on track for completion later
- Oval invincible -Reliance Group (49%)
- Trent Rockets- Can International and Ares Management (49%)
London Spirit, for one, will now be co-owned by MCC and Tech Titans. Nikesh Arora, CEO of Palo Alto Network, Satyan Gajwani, Vice President of Times Internet Limited, Microsoft CEO Satya Nadella and Silverlack Technology CEO Egon Durban won the team’s stake in the team earlier this year. The remaining 51% stake in the franchise will be conducted by MCC. Both sides will take the team operational control on October 1, 2025.Speaking about the acquisition and relationship with the London Spirit, Gajwani said, “One of the best things about cricket is that its players come from all over the world. And so when you think of a city like London, it is so diverse that is so diverse, which has such a liberal audience, our hope that every fan can find someone who feels reliable and qualified for them.
Get ready for an exciting new chapter in a good way. I think the amount of economics investing in cricket in England … The amount of enthusiasm they are going to see, the amount of enlarged enthusiasm, they are going to see the amount of attention they are going to see, hopefully the game is good for the game, good for the fans, we are good for all who enjoy cricket.
Nikesh Arora
The London Spirit Board will be on the London Spirit Board along with four directors nominated by Arora, Gajwani and Durban Club – Chairman of Julian Methel London Spirit Board, Robert Lawson (CEO MCC) and Eoin Morgan (East England and London Spirit Captain). The fourth enrolled person will be appointed later.The new investors will take operational controls from October 1, 2025, with most of their franchisees in partnership with host clubs. The ECB will maintain the complete ownership of the competition, maintaining control over rules and matters affecting widespread sports.ECB’s chair, Richard Thompson said: “With these new partners on the board, we are entering an exciting new phase and entering a seminal moment for cricket in England and Wales. Their global perspective and track records in the elite sports and business will help us to attract more world-level players.
With the London Spirit, our commitment is that we can make it the best franchise, make it constantly competitive, and bring the best-in-class cricket to the region.
Satyan gajwani
“Importantly, this investment will not only promote the development of competition, but will also increase the transformational levels of funding in sports at our professional counties and grassroots levels. It will ensure that cricket will continue at all levels in England and Wales for the coming generations, to support our widespread ambitions and support cricketers to reduce the weak communities.”The ECB was advised in the entire process as co-aggravated financial advisors by the Deloite and Rhine Group, with Latham & Watkins and Onced Law LLP legal lawyers.
