One hundred: Yorkshire was supposed to sell the whole share in the North Superchargers after an agreement was agreed in the amount of £ 100m | Current news
Yorkshire should become the first county to sell the entire 100 percent stake in its 100th team, after arranging a $ 100 million contract with franchise owners Indian Premier League Sunrizes Hyderabad.
Kalaniti Maran’s Sun Group, also owned by the Sunrizes Eastern Cape in southern Africa T20 League, recorded rival bidders for the initial 49 percent of the northern superchargers based in Headinoglery.
It is understood that the group is accompanied by the achievement of a job to the host’s share in Yorkshire, which gives them the only control over the superchargers.
The team has yet to taste the tangible success in four seasons of the competition, but it boasts the international quality of the stars in the form of Chief Coach Andrew Flintoff and Stars like Harry Brook, Adil Rashid and Kate Cross.
The Cricket of England and Wales has now sold shares to six of its eight city parties, and running a new money up to £ 450 million are waiting for the finalization of the conditions.
It is estimated that £ 145 million came from a consortium in the Silicon Valley that won the Licitant War for Lord’s London Spirit, while three successful IPL group bidders are associated with IPL, including RPSG (Lucknow Super Giants) in Manchester Originals and Reliance (Mumbai Indians) partnership with Surrey in oval distrust.
The money raised of 49 percent of the ECB will be divided in 19 ways, between all 18 first-class counties, as well as donations for recreational play, and the hosts benefited from the other 51 percent.
In the Yorkshire case, their Indian wind should help heal long -standing financial troubles that sometimes led to suspicion of the sustainability of their business.
The shadow of a debt of £ 15m for the Graves family has long hung over Yorkshire, but now it may be cleaned in one full, throwing out plans for the demonuization of the club and the end of their club’s members.
Executive Director of Yorkshire Sanjay Patel, who was previously the CEO of a hundred, welcomed the news, adding: “We are delighted to enter the exclusive period from Sun Group, and we will continue with them in the coming weeks with the aim of setting north Superchargers for the long -term long -term and lasting success.
“After consulting them for some time, it is clear that they are aligned with the values and the future direction of the club and will play a big role in ensuring that we can achieve great success in the coming years.
“Today, it is obviously a big turning point for the Yorkshire CC, North Superchargers and Sun Group, but it is worth emphasizing that a lot of details can be discussed, along with further care and legal procedures before the contract can be signed.”
The auction of the Superchargers was pushed from the starting place on Tuesday, allowing unsuccessful bidders from earlier sessions to reopen negotiations with Yorkshire, a move intended for the maximization of DNA.
Trent Rockets and Southern Brave will be caught in the coming days, with the latter probably taken over by Hampshire GMR owners, which means another 100 percent owners.
In the meantime, Warwicksshire has spoken publicly for the first time since Knighthead Capital Management – a New York company that already owns Birmingham City – won a race to invest in Birmingham Phoenix.
Stuart Cain CEO said: “Throughout the process, the head has shown a strong financial commitment and a deep understanding of what it takes to raise high -performance sports.
“They have a far -reaching global influence that will help us promote Birmingham Phoenix to fans of crickets and sports around the world and a wealth of experience in sports investments.
“At the beginning of this procedure, we said that we wanted the investor to commit to invest in the region and to be with us in the long run to make a real difference.
“I believe we discovered it at Knighthead -we look forward to working with them during this period of exclusivity.”
