Last Updated:
Sunrisers Hyderabad will fully own the Northern Superchargers by buying the franchise for £100 million, helping Yorkshire clear a £15 million debt.
Selling the Superchargers could help Yorkshire. (Credit: The Hundred/FB)
Indian Premier League side Sunrisers Hyderabad are set to turn out to be the primary 100% owners of an English cricket Hundred franchise after agreeing to purchase Yorkshire’s Northern Superchargers for a reported £100 million ($125 million).
As per a BBC report, The Sun Group could be the primary organisation to purchase a whole Hundred team.
“We’re delighted to be moving into an exclusivity period with the Sun Group, and will likely be continuing our conversations with them in the approaching weeks with a view to setting the Northern Superchargers up for long-term and sustained success,” Yorkshire chief executive Sanjay Patel said later Wednesday.
Patel, previously the managing director of the Hundred, added: “It is obvious that they’re aligned to the values and future direction of the club and can play an enormous part in ensuring we will go on to realize great success in the approaching years.”
Selling the Superchargers could help Yorkshire, one in every of the cornerstones of English cricket, clear a £15 million debt the club owes to a trust established by chairman Colin Graves.
All deals now enter an eight-week exclusivity period in an effort to finalise the partnerships.
The Superchargers have yet to enjoy much success within the Hundred, a 100 balls per side competition where teams field each men’s and ladies’s sides. But they do have high-profile figures in men’s head coach Andrew Flintoff and star players comparable to Harry Brook and Adil Rashid.
GMR could acquire a 49 percent share in Southern Brave.
The England and Wales Cricket Board, who’ve to date declined to comment, are searching for partners for 49 percent stakes in each Hundred team, with the host clubs gifted the opposite 51 percent.
Last week, a Silicon Valley consortium led by Nikesh Arora, an Indian-American who heads up US cyber-security company Palo Alto Networks, agreed to purchase 49 percent of the Lord’s-based London Spirit franchise for a reported £145 million.
Warwickshire and Glamorgan, meanwhile, have also agreed 49 percent deals for the Birmingham Phoenix and Welsh Fire respectively, with a stake in Trent Rockets up for grabs as well.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – AFP)
