The England and Wales Cricket Board (ECB) have confirmed the completion of “six strategic partners” for six of the groups in The Hundred.
The remaining two are set for formal completion at a later date however they continue to be on observe and consistent with the ECB having provided traders the choice of finishing at a later date. This can see Reliance Group take 49 per cent of Oval Invincibles and Cain Worldwide & Ares Administration proudly owning 49 per cent of Trent Rockets.
The six offers which have now been accomplished are Tech Titans taking a 49 per cent stake in London Spirit, Knighthead Capital Administration, LLC, on behalf of its traders (“Knighthead”) taking a 49 per cent stake in Birmingham Phoenix, RPSG Group with a 70 per cent stake in Manchester Originals, Solar TV Community Restricted coming in with 100 per cent of Northern Superchargers, GMR Group with 49 per cent of Southern Courageous, and Washington Freedom with 50 per cent of Welsh Fireplace.
The completion of those investments comes only a week earlier than the beginning of the 2025 competitors and from it, “more than £500m of total proceeds when all deals are complete to be shared between professional counties and the grassroots game”.
Usually, traders will function their franchise in The Hundred in partnership with the host membership and they’re going to take over operational management from October 1, 2025.
ECB Chair Richard Thompson, mentioned: “The Hundred has already performed a significant position in rising cricket in England and Wales – attracting new audiences, elevating the ladies’s recreation, and delivering high-quality leisure. The sheer scale of world curiosity we have seen all through this course of highlights simply how a lot potential stays to be unlocked.
“With these new companions on board, we’re getting into an thrilling new section and a seminal second for cricket in England and Wales. Their international perspective and observe document in elite sport and enterprise will assist us reimagine what’s doable – from deepening fan connections to attracting much more world-class gamers.
“Crucially, this investment will not only fuel the competition’s growth but also channel transformative levels of funding into our professional counties and grassroots game. This will ensure cricket continues to thrive at all levels across England and Wales for generations to come, supporting our broader ambitions to become the country’s most inclusive sport and driving cricket into harder to reach and under-served communities.”
