Manchester United co-owners the Glazer family, excluding Joel, are reportedly interested in purchasing shares in the cricket league The Hundred.
The Hundred was introduced as an alternative to the popular T20 Blast in 2021. Its goal was to try and increase the popularity of the sport by introducing new teams independent of the counties and ditching some of the more traditional rules associated with cricket.
For instance, overs are not used in the game with bowling spells split into ten-ball periods instead. The league, which is represented in the North West by the Manchester Originals at Old Trafford, has proven to be unpopular among existing supporters of the sport.
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The Telegraph reports that the ECB have been receiving bids from several parties last week for their eight teams in the league. It is claimed the ECB is are 'delighted' with the level of demand with The Hundred now valued at more than a whopping £650m.
The report adds that it is not known which team the Glazers are interested in purchasing but they may feel confident about completing a deal on one of The Hundred's squads considering Raine Group, who helped with the process of selling a minority stake in United, are involved with this sale too. The Telegraph reports that more than 100 bids have been submitted in the first round of bidding, which ended last Friday.
The largest bid is said to have been tabled by Indian billionaires the Ambani family who are understood to value London Spirit, who are based at Lord's, at £140m. The valuation at present is for 100 per cent of the teams but it is not necessarily
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