Lucknow Super Giants owner Sanjiv Goenka with LSG captain Rishabh Pant© X/Twitter
Sanjiv Goenka’s RPSG Group, the owners of Indian Premier League side Lucknow Super Giants, on Monday won the race to partner Lancashire to run The Hundred franchise, Manchester Originals. RPSG Group got here up with the very best bid to secure a 49 per cent stake within the franchise, in response to Espncricinfo. RPSG Group, which had made an unsuccessful bid for London Spirit on Friday, finally secured a stake within the Manchester-based Hundred side reportedly for around 116 million kilos (roughly over Rs 1251 crore).
“The 2 parties (Lancashire and RPSG Group) will now enter into an eight-week period of exclusivity through which they’ll discuss the precise terms of the deal. Lancashire have previously suggested that they’re open to a discussion about selling a few of their 51 per cent stake within the Originals if the worth is high enough that it enables them to pay down a major proportion of their bank debt,” said the report.
In line with the report, Lancashire issued a press release saying they’d been in search of a partner, preferably from the IPL, and now that the deal has been secured they foresee an “exciting future” for the side.
“We’ve been very focused on securing an amazing partner — ideally from the IPL — and RPSG has been our preferred bidder for a while,” the club said.
“We’re delighted by the final result and stay up for working together to create an exciting future. Together, now we have a shared ambition to create a really special cricket team for the people of Manchester and the broader North West region.” The chairman and founding father of RPSG Group, Goenka, had bought the Lucknow franchise within the IPL for Rs 7,090 crore in 2021 before buying the Durban franchise within the SA20 in 2022.
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