Rs 3257 Crore And Counting: Four IPL Teams Invest Massive Amount In This Franchise Competition
English county cricket clubs facing hardships will get financial boost after the England and Wales Cricket Board (ECB), with investments from four well-known IPL franchises, has been able to raise GBP 975 million by selling stakes in eight teams in their flagship event 'The Hundred'. The England and Wales Cricket Board (ECB) has entered into exclusivity agreements with eight parties in the final stage of the process to secure private expertise and investment into The Hundred's teams. Mukesh Ambani's Reliance Industries (owners of Mumbai Indians), the GMR Group (co-owners of Delhi Capitals), Sanjiv Goenka's RPSG (owners of Lucknow Super Giants) and Sun TV Network (owners of Sunrisers Hyderabad) have all bought stakes in four of the eight franchises.
