English Cricket Open To IPL Investment In The Hundred

English cricket chiefs confirmed on Monday they have held talks with Indian Premier League (IPL) owners about acquiring a stake in their domestic Hundred competition. The fourth edition of the controversial 100-balls per side tournament, which features eight specially created teams -- each with a men's and women's side -- rather than the traditional 18 first-class English counties, starts on Tuesday. Its future remains uncertain, with the England and Wales Cricket Board (ECB) looking to secure private investment in a bid to cement its position in the global calendar and boost the finances of the domestic game. The ECB are trying to balance a desire for a cash injection while retaining control of the Hundred by selling off a 49 percent stake in each team to private investors, with host teams retaining the remaining 51 percent of shares.

But the hosts could sell part or all of their shares.

"Control comes at different levels, it comes at team level and it comes at competition level -- that's not something we are ceding control of," ECB chief executive Richard Gould told reporters during a conference call.

"Different investor groups have different needs, for some it is about control of what happens on the field, for others it's the commercial element.

"You're right about the strength of the Indian market -- it represents probably 90 percent of the revenues coming into the ICC (International Cricket Council) and we have seen the proliferation of IPL teams moving outside of their home market into other national markets. I think that's to be welcomed," he added.   

The cash-rich T20 IPL, a multi-million dollars spectacle underpinned by the mass enthusiasm for cricket in India, the world's most populous nation, has changed the