Surrey close £60m Oval Invincibles deal with Reliance after eight months Sport Business Surrey have finally exchanged contracts with Reliance Industries over the shareholders’ agreement governing their new partnership in the Oval-based Hundred team after almost eight months of negotiations. The Mumbai Indians owners agreed to pay £60m for 49 per cent of the franchise in February, but talks over the finer details of the deal have been [...]
Oval Invincibles sale delayed due to unresolved issues, reports say Unresolved issues including the future name of the franchise have delayed completion of the sale of Oval Invincibles – and the flow of funds to hard-up counties – according to reports. The deal will see RISE Worldwide, a subsidiary of the Ambani family’s Reliance Industries, take 49 per cent ownership of the Oval Invincibles franchise [...]
Hundred teams to be buoyed by hike in IPL franchise valuations Sport Business Hundred teams with links to the Indian Premier League (IPL) are to be buoyed by increased brand valuations for their subcontinental sibling clubs after a new report revealed major competition growth. While Royal Challengers Bengaluru, who do not have any involvement in bids for the eight Hundred franchises, topped the brand value list at £198m, [...]
Women’s Premier League: Who owns the teams in IPL sibling? February 14, 2025 Amid the hype surrounding the Hundred franchises being sold off to, mostly, Indian or American-Indian investors; the Women’s Premier League (or Women’s IPL) starts today. Having seen its five franchises fetch a collective $572m and media firm Viacom 18 spending over $100m on a five-year broadcast deal, the Women’s IPL is heading into its third [...]
Exclusive: Saudi Arabia readies Olympic Games bid but may hold until 2040 February 4, 2025 Saudi Arabia is readying a bid to host the Olympic Games but is prepared to wait until 2040 to maximise its chances, a leading official has told CityAM. Group CEO of Diriyah Company Jerry Inzerillo said it was a “matter of time before Saudi will announce an intention for an Olympic bid”, adding that [...]
The England players in the IPL auction this Sunday November 23, 2024 This weekend the IPL auction gets underway in Saudi Arabia with 38 Brits in contention for a spot in the Indian Premier League. Jofra Archer returned to the fold late on in the game while James Anderson has registered for the auction for the first time since his retirement. The likes of Ben Stokes and [...]
Hundred bids close today. Ambani family and Delhi Capitals among parties October 18, 2024 Bidding in the first round of the Hundred auction closes today with the ECB confident that the eight franchises will attract between 60 and 80 bids. CityAM has been told that many of the bidders have put in offers for several Hundred franchises however, which the ECB are encouraging in an attempt to inject [...]
T20: £180m IPL franchise brand values ranked in new data June 15, 2024 The business value of the Indian Premier League (IPL) has risen to $16.4bn while the brand value has increased in 2024, according to a report. The Chennai Super Kings reportedly now have a brand value of $231m with all but one side – the Lucknow Super Giants – coming in above $100m. The data, from [...]