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Yorkshire to sell entire Hundred stake in £100m deal
The Guardian
|February 06, 2025
The owners of Sunrisers Hyderabad are poised to take full ownership of Northern Superchargers, boosting the finances of cash-strapped Yorkshire and growing the Indian Premier League's involvement in the Hundred.
Sun Group were the successful bidders yesterday, placing a £100m valuation on the Headingley-based team. The Indian conglomerate are in line to be the first investor in the Hundred sales process to buy the entire stake in a Hundred franchise, by acquiring both the England and Wales Cricket Board's 49% share as well as the 51% gifted to the host county, Yorkshire in this case.
Yorkshire confirmed yesterday that they have entered a period of exclusivity with Sun Group for the sale of shares in the Superchargers, with a completed deal to prompt a significant and much-needed windfall for the county. Colin Graves, the club chairman, urged last year for the club to demutualise to protect its financial future, with more than £20m owed to the Graves family.
Dit verhaal komt uit de February 06, 2025-editie van The Guardian.
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