London Spirit: Cricket Investor Holdings Ltd (Silicon Valley consortium) – £145m for 49 per centNorthern Superchargers: Sun Group (Sunrisers Hyderabad) – £100.5m for 100 per cent.Oval Invincibles: Reliance Industries Ltd (Mumbai Indians) – £60m for 49 per centManchester Originals: RPSG (Lucknow Super Giants) – £80m for 70 per centSouthern Brave: GMR (Hampshire/Delhi Capitals) – £50m for 49 per centBirmingham Phoenix: Knighthead Capital (Birmingham City) – £40m for 49 per centWelsh Fire: Sanjay Govil (Washington Freedom) – £40m for 49 per centTrent Rockets: (Cain International/Ares Capital) – £40m for 49 per cent.
Proceeds from the minority 49 per cent holdings will include a windfall for recreational cricket – initially proposed to be a 10 per cent cut.
The host counties who have sold their 51 per cent stake will bank 80 per cent of that.
Late last year the ECB were briefing that it may not sell all eight teams if the deals did not measure up and weeks ago a basement estimate of around £350million was being bandied around as a total valuation for the sides.
It seems unlikely that vast profits can be turned from ticketing and merchandise but future broadcast deals – including into the lucrative Indian market – offer serious growth potential.
