ECB will only accept really lucrative offers for The Hundred, indicates chairman Richard Thompson

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Mon, 05/12/2022
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ECB will only accept really lucrative offers for The Hundred, indicates chairman Richard Thompson
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IANS

Richard Thompson, chairman of the England and Wales Cricket Board (ECB), stated that his benchmark for selling The Hundred, a franchise 100-ball cricket tournament featuring eight men's and eight women's teams, was in the billions, taking into account the fact that just one of the Indian Premier League (IPL) franchises was purchased for USD930 million.

According to recent reports, the ECB is considering selling The Hundred property for 400 million pounds, but Thompson said that he "won't sell the game short" when even just one IPL franchise is worth just under a billion dollars.

Considering that just one of the Indian Premier League (IPL) franchises was purchased for USD930 million, the chairman of England and Wales (ECB), Richard Thompson, stated that his benchmark for selling The Hundred, a franchise 100-ball cricket tournament involving eight men's and eight women's teams, was in the billions.

Recent sources claim that the ECB is considering selling The Hundred property for 400 million pounds, but Thompson vowed that he "won't sell the game short" in light of the fact that only one IPL franchise is worth somewhat less than $1 billion.

The story reported Thompson as adding, "I'm determined we're not going to be opportunistic about this, we're going to be strategic."

"The Hundred has only existed for two years. It has worth without a doubt, and we anticipated interest. We won't undersell the game. One IPL franchise, the Lucknow Super Giants, sold for almost a billion dollars (dollars). one group! That ought to provide a standard of worth. It would take an unbelievable lot of money to sell the summer. We would need a lot of money if the IPL is worth $1 billion to sell the summer " he added.

"We'll continue to talk to the county chairs about this, and if there was an absolute game-changing offer that would wipe out the debts of English cricket, of course we would look at it," he said.