Man United and Chelsea owners 'shortlisted to buy stake in Lord's based Hundred franchise' - with bids for £140m team sealed next week
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Owners of Manchester United and Chelsea are reportedly among four shortlisted parties aiming to buy a stake in the London Spirit cricket franchise. Mail Sport revealed last year that the ECB are hopeful of enticing American investment in the Hundred. The ECB have been keen to sell stakes in all eight teams ahead of the competition's reboot this year.
According to Sky News, Man United majority owners the Glazers are among those to have been shortlisted to secure a stake in London Spirit. The team are viewed as the most prestigious of the franchises and are based at Lord's for their matches. An investment vehicle controlled by Todd Boehly, a shareholder in Chelsea, has also reportedly been shortlisted.
Owners of Man United and Chelsea are reportedly in contention to buy a stake in London Spirit. The Glazer family, Man United's majority owners, are reportedly among the shortlisted parties. Todd Boehly, Chelsea chairman, is also said to be in contention for a stake in the franchise.
They are said to face competition from a group of technology company owners and financiers, including the bosses of Google and Microsoft. The RPSG Group, the owner of the Indian Premier League team Lucknow Super Giants, are also reported to be in contention.
London Spirit have reportedly been valued at £140m. Bids are expected to be finalised next week in the process overseen by the Raine Group. The group were charged with the process that led to Sir Jim Ratcliffe buying a stake in Man United and Boehly and Clearlake Capital's takeover of Chelsea.