The England and Wales Cricket Board has contacted owners of teams in the NFL about potential investment in The Hundred.
“We have sent a document and video to some NFL owners to explain what cricket is,” said ECB director of business operations Vikram Banerjee. Despite the upheaval coming through the sales of the teams, there are no plans to change the format to T20. Of the 49% stakes sold, 10% of the revenue will go to the recreational game in England and Wales and the rest then shared between the 18 first-class counties and the Marylebone Cricket Club . The 11 non-host counties will get a greater share of this portion.
The way in which the teams are being sold raises the prospect of an investor not being able to buy a complete or controlling share of any of the eight. In return for their investment, new owners will have the opportunity to change the names, colours and branding of their teams.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BBCSport – 🏆 111. / 51 Read more »
Source: FT – 🏆 113. / 51 Read more »
Source: FT – 🏆 113. / 51 Read more »