The England and Wales Cricket Board (ECB) has indirectly taken aim at the Board of Control for Cricket in India (BCCI) over the Indian Premier League (IPL) after prominent US investors showed significant interest in their own domestic league, the Hundred. Dominance.
The England and Wales Cricket Board (ECB) has taken a dig at the BCCI and assured fans that it will prevent English cricket's 'IPL' due to strong interest in The Hundred as the sale process for The Hundred enters its final stages take over” .
ECB pledges independence amid IPL and US investor interest in The Hundred
Monday is the deadline for the second round of bids for teams in the ECB 100-goal Championship, with the onus now on host counties and clubs to select two preferred partners for a potential joint venture.
Also Read: Sanjiv Goenka instigates Naveen-ul-Haq against Virat Kohli? LSG boss's shocking admission
In a dramatic turn, eight of the ten teams in the IPL have reportedly joined the race, having held extensive discussions with counties over the past two months to buy the hundred.
In addition to interest in the IPL, prominent American sports investors, many of whom already have stakes in English football, have emerged as key contenders to own stakes in teams.
Manchester United co-owner Avram Glazer has submitted two offers, according to ESPNcricinfo. On the other hand, Cain International, founded by Chelsea co-owner Jonathan Goldstein, and Birmingham City owner Knighthead Capital are also involved in the deal with the host county. second round of negotiations.
ECB could embrace US sports giants for Top 100 future
ESPNcricinfo understands that Manchester United boss Avram Glazer has submitted two second-round offers. Cain International, founded by Chelsea co-owner Jonathan Goldstein, and Knighthead Capital, which owns Birmingham City, are also reportedly involved in talks with the host county. Second round of negotiations.
The ECB, meanwhile, aims to raise £350 million through The Hundred sale process and is keen to attract a variety of investors rather than letting the IPL dominate. With significant US capital involved, the ECB predicts long-term growth and global appeal for English cricket.
Also Read: ICC Champions Trophy 2025: Jay Shah reveals details of his sudden Australia tour
ECB chairman Richard Thompson sees this as a great opportunity to transform English cricket into a thriving franchise model while maintaining its independence from the IPL.
This won't end up being an IPL takeover: Richard Thompson
Wisden Cricket Monthly quoted Richard Thompson as saying: “This is not going to end up being an IPL takeover. This involves a lot of American money – very savvy investors who understand franchise sport. We invented the sport; they Franchise was invented and it was done with the long term in mind.
He added: “They know we have the best time zone in the world. If you want to maximize media rights you see rugby and football already have such an incredibly successful domestic product and we actually don't have one .They can see how worthless it is.
“A lot of American investors have had great success investing in the Premier League and they think the way UK law is structured, the tribalism and passion for sport in this country, they've seen success through football and thought, 'Well, what if We invest well and that can easily be achieved in cricket as well.
Recently, the England and Wales Cricket Board made it clear that the ICC Champions Trophy 2025 cannot be held if India sides with the BCCI on the hybrid format issue.
Source link
