With the sale of Southern Brave confirmed on Wednesday, all eight of the England and Wales Cricket Board’s 49 per cent stakes in Hundred franchises have been sold.
Sellers, counties and buyers will now enter into exclusive negotiations on the details but it is expected to run, mostly, without a hitch.
The valuations placed on franchises, ranging from £80m to £295m, values the Hundred at way over £950m, with the ECB’s £350m target for their shares smashed in the process.
So who are the winning bidders, where do they come from and what industry are they in? City AM takes a brief look at the eight teams so you can save yourself the trouble.
Hundred in London
Oval Invincibles
49% for £60m, values club at £125m
Stake bought by: Ambanis’ Reliance Industries Limited subsidiary, RISE Worldwide
Nationality: India
Net Worth: Family worth $119.5bn
Industry: Petroleum refining/gas/energy
IPL involvement: Mumbai Indians
Other sports interests: Mumbai Indians Women’s Team, MI Cape Town, MI Emirates, and MI New York
London Spirit
49% for £145m, values club at £295m
Stake bought by: 12 individuals as Cricket Investor Holdings Limited (Including Sundar Pichai, Satya Nadella, Shantanu Narayen, Egon Durban, Nikesh Arora and Satyan Gajwani)
Nationality: American-Indian, American
Net Worth: Billions
Industry: Technology
IPL involvement: No
Other sports interests: Seattle Orcas (Nadella, Major League Cricket), MLC investor (Narayen, Gajwani) Various through Silver Lake (Egon Durban, CEO)
Hundred south
Welsh Fire
49% for £40m, values club at £80m
Stake bought by: Washington Freedom (Sanjay Govil, Montreal-born)
Nationality: Indian-American
Net Worth: NA but Infinite Computer Solutions revenue $2bn pa
Industry: IT
IPL involvement: No
Other sports interests: Washington Freedom (MLC), George Mason University stadium funder
Southern Brave
49% for c£50m, values club at £98m
Stake bought by: GMR Group (Grandhi Mallikarjuna Rao)
Nationality: Indian
Net Worth: Rao worth $4bn.
Industry: Airports, energy, infrastructure
IPL involvement: Delhi Capitals
Other sports interests: UP Yoddhas Kabaddi, part of Delhi Capitals women
Hundred Midlands
Birmingham Phoenix
49% for £40m, values club at £80m
Stake bought by: Knighthead Capital
Nationality: US
Net Worth: $16.1bn
Industry: Asset Capital management
IPL involvement: No
Other sports interests: Birmingham City FC
Trent Rockets
49% for c£40m, values club at £79m
Stake bought by: Cain International (Jonathan Goldstein and Todd Boehly)
Nationality: British, US
Net Worth: $16bn AUM
Industry: Real estate
IPL involvement: NA
Other sports interests: Chelsea Football Club, Swingers Mini Golf, Boehly (LA Dodgers, LA Sparks, Cloud9 esports, Chelsea, LA Lakers, Strasbourg)
In the North
Manchester Originals
70% for c£80m, values club at £116m
Stake bought by: RP-Sanjiv Goenka Group
Nationality: Indian
Net Worth: $4.9bn (Sanjiv Goenka)
Industry: Tech and consumer
IPL involvement: Lucknow Super Giants
Other sports interests: No
Northern Superchargers
100% for £100m, values club at £100m
Stake bought by: Sun Group (Kalanithi Maran)
Nationality: Indian
Net Worth: Maran $2.8bn
Industry: Media
IPL involvement: Sunrisers Hyderabad
Other sports interests: Sunrisers Eastern Cape