The owners of Indian Premier League teams Kolkata Knight Riders (KKR) and Chennai Super Kings (CSK) are reportedly vying to acquire the franchise Manchester Originals from The Hundred competition.
The development is a clear signal that IPL franchise owners are seeking to enhance their global investment portfolio by tapping the lucrative English cricket market.
At present, the Originals’ ownership remains solely with Lancashire County Cricket Club.
The interest from KKR and CSK comes amidst outspoken criticism of The Hundred’s structure by former IPL chairman Lalit Modi, labeling the league a ‘big fat Ponzi scheme’ while questioning why investors from India should engage with a franchise that carries a modest valuation of just 8.5 million euros.
Interestingly, the Lucknow Super Giants (LSG) have also been reported to be engaged in discussions regarding a stake in the Originals.
Earlier comments from Lancashire’s chief executive Daniel Gidny indicated a willingness to collaborate with IPL teams, suggesting that such partnerships could be beneficial for both the growth of English cricket and The Hundred league itself.
The Hundred presents a fresh avenue for investment, with reports indicating that at least four teams have approached the league, signaling a thirst for a significant 49% stake in one of its franchises since the bidding process commenced in September.
