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Sunrisers Hyderabad to take 100% stake in Northern Superchargers for £100m
Indian conglomerate Sun Group to buy entire franchiseYorkshire’s chief executive Sanjay Patel ‘delighted’The owners of Sunrisers Hyderabad are poised to take full ownership of Northern Superchargers, boosting the finances of the cash-strapped Yorkshire club and growing the Indian Premier League’s involvement in the Hundred.Sun Group were the successful bidders on Wednesday, placing a £100m valuation on the Headingley-based team. The Indian conglomerate are in line to be the first investor in the Hundred sales process to buy the entire stake in a Hundred franchise, by acquiring both the England and Wales Cricket Board’s 49% share as well as the 51% gifted to the host county, Yorkshire in this case. Continue reading...
- Indian conglomerate Sun Group to buy entire franchise
- Yorkshire’s chief executive Sanjay Patel ‘delighted’
The owners of Sunrisers Hyderabad are poised to take full ownership of Northern Superchargers, boosting the finances of the cash-strapped Yorkshire club and growing the Indian Premier League’s involvement in the Hundred.
Sun Group were the successful bidders on Wednesday, placing a £100m valuation on the Headingley-based team. The Indian conglomerate are in line to be the first investor in the Hundred sales process to buy the entire stake in a Hundred franchise, by acquiring both the England and Wales Cricket Board’s 49% share as well as the 51% gifted to the host county, Yorkshire in this case. Continue reading...
