- Lord’s-based London Spirit viewed as jewel of auction
- Mumbai Indians owners believed to be planning huge bid
Indian Premier League owners will be allowed to rename Hundred franchises after their Indian teams without buying a controlling stake under the conditions of the sales process that starts next month. The Guardian has learned that such is the England and Wales Cricket Board’s eagerness to attract Indian money that even a minority investment will give the new owners huge influence, with all of the 10 IPL owners expected to bid.
The Ambani family which owns Mumbai Indians is believed to be preparing a huge bid for London Spirit, which could lead to the team being rebranded as MI London. Mumbai already own teams in three other T20 leagues – MI Cape Town, MI New York and MI Emirates – and buying into the Hundred franchise based at Lord’s is their next target.
Written by Matt Hughes
This news first appeared on https://www.theguardian.com/sport/article/2024/aug/16/ipl-owners-able-rename-hundred-teams-minority-stake-cricket-london-spirit under the title “IPL owners will be able to rename Hundred teams with minority stake”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
