IPL Team Owners Ambanis, Marans, Goenka Invests Big Time In The UK’s “The Hundred” Cricket Franchise League

The Indian corporate world and the IPL team owners’ “big time” interest in the England and Wales Cricket Board’s nascent franchise league “The Hundred” has made a big splash. Initially the pessimists felt that the “The Hundred”, meaning a 100-ball competition for eight clubs would not be able to make an impact akin to the one made by the IPL which kicked off in 2008. After 17 years the IPL brand value is around $ 12 billion. The fact that three IPL team owners — Ambanis of Mumbai Indians (MI), Sanjeev Goenka of Lucknow SuperGiants (LSG) and the Marans of the Sunrisers Hyderabad have bought partial or full stake in the three clubs shows their respect for the game in the UK. Now the MI has 49% stake (60 million pounds) in the Oval Invincibles, the LSG has a 70% stake (81 million pounds) in the Manchester Originals and the Sunrisers have a 100% stake (100 million pounds) in Yorkshire’s Northern Superchargers.  The Indian techie consortium of Adobe, Google and Microsoft has a 49% stake (145 million pounds) in the London Spirit team. And, finally the Washington DC based Sanjay Govil has a 49% stake (40 million pounds) in the Welsh Fire team. The ECB, which has sold its 49% stake in each of the eight teams, wants to deploy the money to assist struggling counties and grassroots development. Most of the IPL owners have cast their net wide owning teams in Twenty20 leagues in the Caribbean, South Africa, Middle East and the Major League Cricket in the USA. Their overwhelming interest in “The Hundred” is likely to make it the biggest one in the near future.