Sunrisers Hyderabad to take 100% stake in Northern Superchargers for £100m
- Indian conglomerate Sun Group to buy entire franchise
- Yorkshire’s chief executive Sanjay Patel ‘delighted’
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 on Wednesday, 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.
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Source: Cricket - The Guardian
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