English cricket has launched a multi-silver pound windfall, as the Silicon Valley Tech Consortium won a bid war with Sanjeev Goenka-owned RPSG group for 49% stake in the London Spirit, which is a hundred team in Lord’s.
The winner bid chaired by Nikesh Arora of the Palo Alto Network on Thursday gave importance to the feeling of £ 295 million from the price paid by Reliance Industries Limited (RIL) for Oval Invinesals on Thursday. This means that they would pay £ 144.55m for 49% stake in the soul, MCC intended to maintain its position as the majority shareholder.
The price is double the evaluation of the floor for the London Spirit based on the investors’ symbolic dialects and represents an important injection of funds in English cricket. The revenue raised in the sales process will be divided between 18 first-class counties, MCC and entertaining game and is designed for “future-proof” county cricket for the next 20 years. The RPSG group is believed to have left the race on a mark of £ 292 million.
The Consortium – Name under Cricket Investor Holdings Limited – It includes Sundar Pichai, Satya Nadella, Shantanu Narayen and Egon Durban, CEO of Google, Microsoft, Adobe and Silver Lake Management, as well as Arora and Satyan Gajwani, which is one, Which is one, which is one. Indian digital veteran, Indian digital veteran, co-founder of Major League Cricket and Vice President of Times Internet.
It is understood that the Consortium dialect was run by Arora and Gajwani, when he was one of the last investors entering the race. Espncricinfo understands that there are 11 persons in total, of which five are yet to be nominated publicly.
MCC President Mark Nicholas told the members on Friday evening, “We are happy to meet those who share our values and understand the power and secret of God. We have already established happy relationships already established in the past few. Week for construction.
Nicholas said that there was “remarkable interest” from investors, and wrote: “Today’s announcement shows what we always know: Our club is special. Why people want to join us. I want to join us. Hope all the members are also proud and excited on those occasions that lie further. “
Manchester United’s co-owner and Can International, Erem Glazer, who is run by Chelsea director Jonathan Goldstein, was also involved in the auction process on Friday afternoon, but got out early. It is believed that a source described as the “The Lord’s Factor” played an important role in the unexpectedly high price for the spirit.
The Consortium will now enter the period of exclusive interactions with the Marylebone Cricket Club (MCC), the owner of the host site, and will complete an agreement in the eight -week window set by ECB with the completion of the final round of the bidding process. MCC has maintained that it intends to maintain its 51% stake in the franchise.
This soul is defending the champion in women’s hundred, England captain Heather Knight scored her for his inaugural title last year and India’s Deepti Sharma in the final. In contrast, his men’s team has won only three games in the last two hundred sessions, and ended below in 2024.
The RPSG group is now expected to draw its attention to the Manchester Originals next week to hold detailed meetings with Lancashire in next week. RIL was also understood on the shortlist for the original, but is out of running after purchasing the stake in the Oval Invinesables.
Matt roller is an auxiliary editor in Espncricinfo. Nagraj Golapudi is the news editor.
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