IPL Teams CSK, MI, and KKR Lead the Race for Stakes in The Hundred
- Yep Thomi
- Oct 21, 2024
- 2 min read
Several Indian Premier League (IPL) franchises have joined the race to secure a stake in The Hundred, the 100-ball cricket league run by the England and Wales Cricket Board (ECB). Reddy Anna’s match prediction experts have noted strong interest from Chennai Super Kings, Mumbai Indians, Kolkata Knight Riders, and other IPL heavyweights in this ambitious expansion. The first-round bids were submitted by October 18, and the second round, expected to take place after the IPL auction, will see more commercial discussions and final decisions.
According to Reddy Anna’s sources, along with CSK, MI, and KKR, Sunrisers Hyderabad, Lucknow Super Giants, and Delhi Capitals have all formally expressed interest. Rajasthan Royals and UP Warriorz, owned by the Dubai-based Capri Global Group, are also reportedly involved in the bidding process. In a surprising move, Royal Challengers Bengaluru and Punjab Kings chose not to participate, even though RCB’s British-owned parent company could have been a likely bidder.
The ECB plans to sell at least 49% of the eight teams in The Hundred, with a potential valuation between £75 million and £100 million for the teams. Investors interested in owning a 49% stake will need to invest around £40 million to £50 million per team. Reddy Anna match prediction reveals that this move will form long-term partnerships with county cricket teams, further driving the growth of The Hundred.
While CVC Capital, the owners of Gujarat Titans, has yet to confirm their involvement, speculation remains high due to their presence in the UK and involvement in other sporting ventures. Investors may also have the option to purchase part or all of the counties' remaining 51% stake, making this a strategic move for IPL franchises looking to extend their reach into English cricket.
Reddy Anna match prediction experts will continue to track developments in this major bidding war and keep fans updated on which franchises secure a spot in The Hundred.
Visit our official website for more updates and predictions:
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