The Marylebone Cricket Club (MCC) has decisively voted to take a 51% share in London Spirit, marking a significant development in the structure of The Hundred tournament. This decision, made during a Special General Meeting, reflects the MCC's strong confidence in the tournament's future and its involvement in professional cricket management.
With 81.12% of valid votes cast in favor of this decision, the MCC now holds significant influence over the London Spirit franchise. This control allows the club to navigate the evolving landscape of The Hundred and potentially shape the direction of cricketing investments and partnerships.
An MCC spokesperson confirmed that the club's Hundred steering group will collaborate closely with the ECB throughout the sales process, emphasizing a unified approach to maximizing the outcome from the franchise sales, while also retaining rights to veto any proposed investment partner.
The ongoing sales of franchise stakes, initiated by the ECB in conjunction with the Raine Group and Deloitte, will distribute raised funds to bolster the game's grassroots and first-class cricket, ensuring the financial health of cricket in England and Wales.
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