
Kolkata Knight Riders (KKR) and Chennai Super Kings (CSK) are the latest Premier League teams in India (IPL) to leave the next sale of the hundred franchises, scheduled to officially start tomorrow tomorrow (January 30). Although both heavyweights of IPL initially showed interest, they have now decided to retire as the commercial end approaches.
On the contrary, the Mumbai Indians (MI) and Sunrisers Hyderabad (SRH) along with Lucknow Super Giants (LSG) are still in the race for the remaining seven sides.
Previously, the owners of Delhi Capitals – GMR Group had acquired majority participations in Hampshire, which manages the South Brave franchise in The Hundred.
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According to the reports, the Indians of Mumbai, owned by Reliance Industries (RIL), together with a consortium of headquarters based in the United States, are in dispute to acquire the invincibles. While the Oval franchise was initially reluctant to sell their participation, recent developments indicate a position change, and the county is now open to the possibility. The ECB offers a 49% participation, although the total control would only be transferred to the new owner if the county, which retains the remaining 51%, decides to sell as well.
It is also understood that the Cricket Board of England and Wales (ECB) will sell to the equipment in phases, allowing possible investors to remain in the race, even if they do not secure a team in the initial round.
For each team, two or three potential buyers will compete, and the ECB is expected to perform an electronic auction or invite sealed offers of the interested parties.
The ECB will take Birmingham Phoenix, which will conclude the first day of the auction process. The second day will make the franchises be under the hammer, ending with GMR Group competing with an investor to buy a 100 percent participation of Southern Brave.
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