ECB receives whopping £400 million bid for 75% stake in The Hundred

The ECB reportedly received an offer from the London-listed buyout firm, Bridgepoint Group.

The England and Wales Cricket Board (ECB) have reportedly received a whopping £400 million pound sterling bid for a 75% stake in The Hundred.

The official cricket governing body of England received an offer from the London-listed buyout firm, Bridgepoint Group, for acquiring a controlling stake in The Hundred, according to reports by Sky News.

The report by the media agency unveiled that Bridgepoint put forward a bid of buying a 75% stake in The Hundred, which could potentially add £300m to English cricket.

The report stated, “One insider described the offer from Bridgepoint as ‘game-changing’, and suggested it was likely to win widespread support from county chairs.”

As per the report, if the ECB approves the deal, then each of the 18 countries would receive a healthy sum, which could help them at a time when many of them are struggling financially.

Examining the success of the T20I format of the game, the ECB came up with an even more truncated format. The 100-ball cricket competition by the ECB is two-season-old and is a great prospect for yet another source of income apart from international cricket.

The ECB is reportedly not interested in the offer as it doesn’t want to give up a major chunk of its tournament so early.

Related Articles

Latest Articles