Will IPL money via The Hundred route rescue financially struggling county cricket clubs?
According to the recently-released Leonard Curtis Cricket Finance Report, the gap between the top clubs and the smaller ones is widening with the big three -- Surrey, Lancashire and Warwickshire -- generating 44 per cent of the total revenue of all 18 first-class counties in 2023.
The smaller clubs like Northamptonshire, Leicestershire and Derbyshire are hugely reliant on the funding from the parent body -- the England and Wales Cricket Board (ECB).
The sale of equity in the eight franchises of The Hundred is expected to raise approximately 520 million pounds, a part of which would be shared with the county clubs.
The ECB decided to sell stakes of the eight franchises ahead of The Hundred's fifth season that begins on August 5, day after the conclusion of the Test series between India and England.
Four out of the eight teams have attracted investments from IPL franchise owners connected to Mumbai Indians (49 per cent of Oval Invincibles), Sunrisers Hyderabad (100 per cent of Northern Supercharges), Delhi Capitals (49 per cent of Southern Brave) and Lucknow Super Giants (70 per cent of Manchester Originals).
The other four teams -- Welsh Fire, Birmingham Phoenix, London Spirit, Trent Rockets -- have drawn huge sums from American investors.
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Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing MCA Product Management Finance Design Thinking Leadership Others CXO MBA Data Science Project Management Cybersecurity Public Policy Healthcare Operations Management Data Science Artificial Intelligence PGDM Data Analytics Management Degree healthcare Technology Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why This NDAA-Compliant American Drone Company Is Crushing Chinese Competitors Hylio | StartEngine Learn More Undo Secondly, on the demand side also, not many consumer companies have so far come out with results. 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