ECB warns it will not be ‘bounced’ into selling all Hundred cricket franchises
- Bidders for eight sides to make formal offers next week
- Not all will be subject of acceptable offers, admits ECB
The England and Wales Cricket Board may not sell all Hundred franchises over the next year and is prepared to take some of them off the market if any offers fall short of their full value. Richard Thompson, the chair, said the ECB “do not want to just feel bounced into selling them [when] we could have got a lot more if we’d held back”.
Richard Gould, the chief executive, said on Wednesday the governing body had been negotiating with “about 100” parties interested in 49.9% stakes in the eight Hundred teams. “They’ve come from a variety of different angles – a lot of Indian interest, also from America, from other sports, investment houses. We’ve got the full gamut,” he said. “There are going to be a few tyre-kickers, but it’s a good number.”
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Source: Cricket - The Guardian
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