As expected, GMR Group has acquired the 49% stake offered by the England and Wales Cricket Board (ECB) in Southern Brave. With Hampshire already holding a 51% share granted by the ECB, this deal will give them full control of the Southern Brave franchise once all formalities are completed.
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The ECB also attracted international investors with Knighthead Capital (Birmingham Phoenix), Sanjay Govil (Welsh Fire), a Silicon Valley consortium (London Spirit), and Cain International (Trent Rockets) joining the IPL owners to have stakes in the 100-ball tournament.
Cain International buys Trent Rockets' stake in The Hundred
This deal brings the total value of the Trent Rockets franchise to £79 million. Nottinghamshire will retain majority control with 51% ownership and continue to host the team at the iconic Trent Bridge ground. Cain International had also shown interest in the London Spirit franchise, which was ultimately acquired by a Silicon Valley group with a £145 million investment for a 49% stake.
On the other hand, Reliance Industries Limited bought a 49% stake in the Oval Invincibles for £60m, with Surrey County Cricket Club (SCCC) retaining a majority stake of 51% through its subsidiary RISE Worldwide. They also own teams in the SA20 of South Africa and ILT20 of UAE.
The Hundred’s total valuation surpasses £900 Million
Earlier, Richard Thompson, the ECB chairman, said that he did not want The Hundred to become “an IPL takeover,” so he should now be happy with how things unfolded in the bid process. The ECB now has four investors outside the IPL world—Birmingham Phoenix (Knighthead Capital), Welsh Fire (tech entrepreneur Sanjay Govil), London Spirit (Silicon Valley consortium), and Trent Rockets (Cain)—all of whom attracted investment from elsewhere.
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