Sale of The Hundred hits the jackpot

Sale of The Hundred hits the jackpot
Spectators stretch their legs between innings during the inaugural match of the new cricket format, The Hundred played between the Oval Invincibles and the Manchester Originals at The Oval in south London on July 21, 2021. (AFP file photo)
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Updated 13 February 2025
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Sale of The Hundred hits the jackpot

Sale of The Hundred hits the jackpot
  • Rancor over The Hundred concept mitigated as 8 clubs paid eye-watering sums by investors for stakes in the tournament

It feels like the end of the beginning for The Hundred. Eye-watering sums were paid between Feb. 6 and 12 for shares in the eight “franchises” that constitute the tournament.

There is no denying that it has been a divisive and polarizing concept. However, in what has been described as the Indian Premier League moment for cricket in England and Wales, there is partial closure on this rancor because of the amount of money that has been raised. The next concern is how it will be spent by the beneficiaries.

In first place are the seven County Cricket Clubs, plus the Marylebone Cricket Club, which hold the franchises, the so-called hosts. It has always been something of a misnomer to term them franchisees since the tournament has been owned by the England and Wales Cricket Board.

The ECB footed the start-up costs, a significant part of which were payments of £1.3 million ($1.6 million) per year to the 18 counties to secure the necessary two-thirds majority. Eleven of them are non-hosting and were not in favor of The Hundred because it provided them no benefit. The funding, termed a dividend, overcame objections.

In 2024, the counties supported the ECB in its wish to open up The Hundred to private investment. Eight new companies were to be created, with the ECB gifting each one 51 percent of its equity, which the holders can either keep, sell partially or wholly. The balance of 49 percent retained by the ECB would be offered to the market. This process is now complete.

First to be sold was the Oval Invincibles at Surrey, where the Reliance Group paid £60 million for the ECB’s 49 percent stake. Reliance is led by Mukesh Ambani, India’s richest man, who counts the Mumbai Indians, MI Emirates, MI Cape Town and MI New York within his franchise portfolio. Surrey CCC will retain its 51 percent share.

Similarly, Warwickshire CCC retained its 51 percent share in Birmingham Phoenix, with the ECB’s 49 percent share bought by the American owners of Birmingham City Football Club, Knighthead Capital, for £40 million. This may not please supporters of Aston Villa, the rival soccer club in the city.

Then, the ECB’s 49 percent share in the Welsh Fire was bought by IT entrepreneur Sanjay Govil, founder and chairman of Infinite Computer Solutions, for £40 million, with Glamorgan CCC retaining its 51 percent share.

These sums were eclipsed by the £145 million which was paid by a Silicon Valley consortium for 49 percent of the Lord’s-based London Spirit. It is believed that this stake was the subject of intense bidding between interested parties, including Sanjiv Goenka’s RPSG Group. The attraction of this prestige stake lies in the access that it provides to Lord’s and its owners, the MCC.

Nikesh Arora, CEO of the security firm, Palo Alto Networks, led the consortium, called Cricket Investor Networks Ltd. It is believed to comprise “11 high net-worth individuals,” who profess a shared love of cricket. Amongst them are Satya Nadella, CEO of Microsoft; Sundar Pichai, CEO of Google; Shantanu Narayen, CEO of Adobe; Egon Durban, CEO of Silver Lake Management; and Satyan Gajwani, vice-chairman of Times Internet. He is also co-founder of Major League Cricket in the US and co-owner of the Seattle Orcas team.

Any disappointment experienced by Goenka in losing the battle for the stake in the London Spirit was put to one side, as it acquired a 70 percent stake in Lancashire CCC. The county became the first one to sell a part, 21 percent, of its share in the Manchester Originals. RPSG, owners of the IPL’s Lucknow Super Giants, agreed to pay around £81 million for the 70 percent stake.

Across the Pennines, Yorkshire CCC, Lancashire’s historic and greatest rivals, has well-publicized financial issues. It now has the opportunity to deal with them. The ECB’s 49 percent stake in the Leeds-based Northern Superchargers, plus Yorkshire’s 51 percent stake, has all been sold to Kalanithi Maran’s Sun Group, owners of Sunrisers Hyderabad and Sunrisers Eastern Cape for around £100 million.

A little further south, it was Nottingham-based Trent Rockets’ turn in the spotlight. This sale had originally been scheduled for Feb. 3 but was delayed as the ECB sought to keep investors, who had failed with earlier bids, involved in the process. This may have caused some nervousness in Nottingham CCC, as they watched potentially preferred bidders place their money elsewhere.

Ultimately, Cain International, which had bid for the London Spirit, topped the live auction on Feb. 11, acquiring the ECB’s 49 percent stake for around £40 million in competition with the owners of Kolkata Knight Riders and Indian investor Amit Jain, who was working with Royal Challengers Bengaluru.

The Cain Group is led by Chelsea FC director Jonathan Goldstein and backed by Chelsea’s co-owner Todd Boehly, who, in addition to Chelsea, has co-ownership of Strasbourg FC and the LA Dodgers baseball team. Nottingham Forest FC may feel uncomfortable seeing Chelsea parked on an adjacent lawn.

The final sale of the ECB’s equity focused on the Southern Brave team of Hampshire CCC. In late September 2024, the company that owns Hampshire CCC announced a takeover by the GMR Group, which co-owns the Delhi Capitals in the IPL, plus franchises in the UAE and South Africa. The £120 million deal was for the control of Hampshire CCC and its infrastructure. Plans to acquire the Brave would wait until the ECB’s sale process was revealed.

A key concern of the ECB was that its equity share should not be acquired by GMR at below-market value. Since that value would only emerge once bidding started, it made sense for the ECB to leave the Hampshire sale until last. On Feb. 12, it was reported that GMR had paid around £48 million for the ECB’s stake, paving the way for GMR to acquire total control of the Southern Brave. The value of Hampshire’s 51 percent share is unclear.

There is more clarity around the funds raised by the sale of the ECB’s equity. Based on data so far released, it appears that almost £500 million has been raised. This will be music to the ears of the second and third groups of potential beneficiaries, the 11 non-hosting counties and grassroots cricket.

Ninety percent of funds from the sale of the ECB’s 49 percent stake will go to the 18 counties and the MCC, with 10 percent going to the recreational game. Eighty percent of funds raised from sales of the 51 percent stakes go to the host county, with 10 percent split between the 18 counties and MCC and 10 percent going to the recreational game.

Over the next eight weeks, the four IPL and four non-IPL owners will finalize their agreements with the host counties. This is too late to have a significant impact on the 2025 season, regarded as a transitional one. No doubt, at the top of discussions, will be re-branding, attracting players, and their salaries, alongside the distribution of responsibilities between the hosts and the new investors.

Whilst not a new beginning, it seems clear that English and Welsh cricket will never be the same again.


Herve Renard announces Saudi Arabia’s lineup for Asian qualifiers for 2026 World Cup

Herve Renard announces Saudi Arabia’s lineup for Asian qualifiers for 2026 World Cup
Updated 12 March 2025
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Herve Renard announces Saudi Arabia’s lineup for Asian qualifiers for 2026 World Cup

Herve Renard announces Saudi Arabia’s lineup for Asian qualifiers for 2026 World Cup
  • Green Falcons will host China on March 20 before they travel to play against Japan on March 25
  • Frenchman’s list constitutes of 27 players, who will join the Green Falcon’s training camp in Riyadh on Sunday

JEDDAH: Saudi Arabia’s national football team’s French head coach Herve Renard announced on Wednesday the lineup for the seventh and eighth rounds of the Asian qualifiers for the 2026 World Cup.
The Green Falcons will host China on March 20 at Al-Awwal Park Stadium before they travel to play against Japan on March 25 at Saitama Stadium 2002.
The Frenchman’s list constitutes of 27 players, who will join the Green Falcon’s training camp in Riyadh, starting March 16, ahead of their two qualifiers.
The list includes Ahmed Al-Kassar, Nawaf Al-Aqidi, Hamed Yousef, Mishari Sinior, Hassan Kadesh, Jihad Zekri, Saad Al-Moussa, Ali Lajami, Hassan Al-Tambukti, Muhannad Al-Shanqeeti, Saud Abdulhamid, Nawaf Bushel, Ali Majrashi, Faisal Al-Ghamdi, Nasser Al-Dosari, Musab Al-Juwair, Ziad Al-Jahni, Mohammed Kano, Salem Al-Dosari, Turki Al-Ammar, Abdullah Al-Hamdan, Ayman Yahya, Muhannad Al-Saad, Ahmed Al-Ghamdi, Marwan Al-Sahafi, Firas Al-Buraikan and Abdullah Al-Salem.
The Green Falcons are in Group 3 in the third round of the Asian qualifiers for the 2026 World Cup, alongside Japan, Australia, Bahrain, China and Indonesia.


Muslim Boxing Awards return to Birmingham this month to honor British Muslim fighters

Muslim Boxing Awards return to Birmingham this month to honor British Muslim fighters
Updated 12 March 2025
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Muslim Boxing Awards return to Birmingham this month to honor British Muslim fighters

Muslim Boxing Awards return to Birmingham this month to honor British Muslim fighters
  • The event, now in its second year, is the brainchild of solicitor Adil Hussain, founder of a pro bono legal organization that helps boxers deal with complex business contracts
  • The event will also include a fundraiser in support of Palestinians in the Gaza Strip, and a 4-course Ramadan iftar

LONDON: Top British Muslim boxers will be honored at an awards event on March 22 in Birmingham, which organizers describe as a celebration of fighters’ careers and the values of fairness within the sport.

The Muslim Boxing Awards 2025 will take place at the city’s Grand Botanical Suite and be presented by Amir Khan, a former Olympian and two-time world champion, and Johnny Nelson, a former world cruiserweight champion.

This year’s awards ceremony follows the inaugural event in April last year. It is once again organized by Legal Blows, a pro bono legal organization that helps boxers deal with the complexities of business contracts, which said the evening will unite champions, rising stars and boxing legends for a memorable celebration.

“The event will honor the dedication, excellence and values that make Muslim athletes true role models, both inside and outside the ring,” it added.

It will also include a fundraiser in support of Palestinians in the Gaza Strip, and a four-course Ramadan iftar.

Legal Blows said the lineup it has assembled for the awards features some of Britain’s top boxers and other leading lights in the sport, including: Shabaz Masoud, holder of the IBO super-bantamweight title; Hamza Uddin, a former Team GB fighter and eight-time national champion; Haseebah Abdullah, England’s first hijab-wearing boxing coach; and Mehek Khalil, an amateur boxer and actress.

The Muslim Boxing Awards is the brainchild of solicitor Adil Hussain, the founder of Legal Blows, in collaboration with renowned boxing figures, including Khan and other top-tier talent.

“Many athletes are unaware that they have the ability to negotiate contracts to obtain more favorable terms,” Hussain said of his work with boxers.

“My goal is to empower them with the tools to protect their interests and maximize their careers.”


Former star Eto’o elected to CAF executive by acclamation

Former star Eto’o elected to CAF executive by acclamation
Updated 12 March 2025
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Former star Eto’o elected to CAF executive by acclamation

Former star Eto’o elected to CAF executive by acclamation
  • The 44-year-old became eligible only last week after CAS overturned a CAF ban on the ex-Barcelona, Inter Milan and Chelsea forward
  • Cameroon Football Federation (FECAFOOT) president Eto’o now joins the supreme decision-making body in Africa

JOHANNESBURG: Former Cameroon star Samuel Eto’o was elected to the CAF executive committee by acclamation in Cairo on Wednesday as he was the lone candidate from the central Africa region.
The 44-year-old became eligible only last week after the Court of Arbitration for Sport (CAS) overturned a CAF ban on the ex-Barcelona, Inter Milan and Chelsea forward.
His elevation to the executive of the African governing body came at a CAF extraordinary general assembly — an annual meeting of top football officials in the continent.
Cameroon Football Federation (FECAFOOT) president Eto’o now joins the supreme decision-making body in Africa.
The gathering at a hotel overlooking the pyramids also confirmed that South African Patrice Motsepe would serve a second four-year term as CAF president. He was unopposed.
Motsepe was elected by acclamation in Morocco four years ago, succeeding Malagasy Ahmad Ahmad, who had been suspended by FIFA over financial misconduct.
CAF secretary general Veron Mosengo-Omba is among those who have credited Motsepe with improving the finances and governance of the organization.
“Patrice was a gift for African football. In 2021 CAF was a toxic body. He brought good governance to all levels of the organization,” Mosengo-Omba said ahead of the meeting.
The CAF ban of Eto’o came last year after the three-time Champions League winner was found guilty by the Cairo-based organization of an ethics breach.
Last July, CAF said the Cameroonian had “seriously violated the principles of ethics, integrity and sportsmanship” by becoming a brand ambassador for a betting organization.
Apart from the suspension, the four-time African Footballer of the Year was fined $200,000 (EUR185,000). This was later quashed.
Born in the Cameroon port city Douala, Eto’o has been involved in several controversies since becoming FECAFOOT boss in 2021.
He was caught on video assaulting a football supporter outside a stadium after a match at the 2022 World Cup in Qatar.
He later apologized, saying: “I would like to apologize for losing my temper and reacting in a way that does not match my personality. It was an unfortunate incident.”
Last year, he was banned by FIFA from attending all Cameroon men’s and women’s national team matches for six months after an incident at the Women’s under-20 World Cup in Colombia.
The world body found Eto’o guilty of “offensive behavior, violation of the principles of fair play and misconduct of players and officials.”
When Belgian Marc Brys was appointed national coach of the Cameroon men’s team last year, he clashed regularly with Eto’o.
Eto’o enjoyed a glittering career, and is widely regarded as one of the greatest African footballers.
He helped Cameroon win the 2000 Sydney Olympic Games football tournament and was part of the 2000 and 2002 Africa Cup of Nations (AFCON)-winning teams.
Eto’o featured at four World Cup and six AFCON tournaments and scored a record 18 goals in the African tournament.


DP World ILT20 to sponsor Ramadan cricket tournament in Dubai

DP World ILT20 to sponsor Ramadan cricket tournament in Dubai
Updated 12 March 2025
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DP World ILT20 to sponsor Ramadan cricket tournament in Dubai

DP World ILT20 to sponsor Ramadan cricket tournament in Dubai
  • Tournament to be held at the ICC Academy Oval 1 and 2 from March 13 to April 3
  • Dubai Capitals lifted the DP World ILT20 Season 3 trophy in February

DUBAI: As a sign of their commitment to develop and support UAE cricket, particularly at the grassroots, DP World ILT20 is set sponsor a Ramadan cricket tournament to be held at the ICC Academy Oval 1 and 2 in Dubai from March 13 to April 3. 

The 22-day tournament will feature 10 domestic teams — the Dubai Cricket Council Starlets, Karwan Cricket Club, Emirates Fly Better, Seven District, Prospero Properties, Dubai Dare Devils, Consolidate Shipping Service, Z Games, Lexington Shot Guns, and GHK Properties — with over 200 players vying for the top prize.

Each team will play nine single round-robin league games followed by semifinals and the final. The tournament will be livestreamed on YouTube and Facebook.

Discussing their backing for the event, David White, CEO of DP World ILT20, said: “It is DP World ILT20’s endeavour to support and nurture local talent in UAE. With 220 players turning up for the Ramadan cricket tournament, it’s a great opportunity to see and encourage emerging talent. We stay true to our commitment of developing cricket at the grassroots and I wish all the players the very best.”

The DP World ILT20 season 3 recently concluded with Dubai Capitals emerging as the new champions. While the league has been a global success, the DP World ILT20 continues to support domestic cricket at the grassroots level as part of their commitment to help in the growth and development of emerging local talent.


Libya hires Aliou Cisse as new head coach

Libya hires Aliou Cisse as new head coach
Updated 12 March 2025
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Libya hires Aliou Cisse as new head coach

Libya hires Aliou Cisse as new head coach
  • Cisse will lead Libya until 2027, the federation said
  • “We welcome the best coach in Africa“

TUNIS: The Libyan football federation announced Tuesday in a statement posted on Facebook the appointment of AFCON-winner Aliou Cisse as new head coach of the national team.
Cisse, widely regarded as one of Africa’s top coaches and winner of the Africa Cup of Nations with Senegal in 2022, will lead Libya until 2027, the federation said.
“We welcome the best coach in Africa,” the statement said, without providing further details on Cisse’s new contract or its value.
He replaces Nasser Al-Hadhiri, who had been appointed in September 2024.
The federation said Cisse, 48, will be officially presented to the media on March 13 in Tripoli, ahead of the start of his tenure.
Libya did not qualify for the upcoming edition of AFCON, which is set to take place in Morocco next winter.
However, they currently sit second in their World Cup qualifying group, and next take on Angola later this month.