The Hundred, ECB, Cricket, Sport Business | The Guardian
Winning bid for 49% stake values London Spirit at £295mWelsh Fire stake sold for reported £35m to tech entrepreneurThe Hundred is set to deliver an eye-watering windfall for English cricket that exceeds all projections after a Silicon Valley consortium featuring the chief executives of Microsoft and Google claimed a 49% share in London Spirit for £144m.It was the first of two sales to take place on Friday afternoon, with a 49% stake in Cardiff-based Welsh Fire later sold for a reported £35m. The England and Wales Cricket Board has now raised around £279m after similar stakes in Oval Invincibles (£60m) and Birmingham Phoenix (£40m) were claimed 24 hours earlier. Continue reading…
- Winning bid for 49% stake values London Spirit at £295m
- Welsh Fire stake sold for reported £35m to tech entrepreneur
The Hundred is set to deliver an eye-watering windfall for English cricket that exceeds all projections after a Silicon Valley consortium featuring the chief executives of Microsoft and Google claimed a 49% share in London Spirit for £144m.
It was the first of two sales to take place on Friday afternoon, with a 49% stake in Cardiff-based Welsh Fire later sold for a reported £35m. The England and Wales Cricket Board has now raised around £279m after similar stakes in Oval Invincibles (£60m) and Birmingham Phoenix (£40m) were claimed 24 hours earlier.
