IPL franchise owners RPSG Group buy stake in the Hundred's Manchester Originals
Briefly

RPSG Group, owners of the Lucknow Super Giants, have secured a significant stake in Manchester Originals, enhancing the presence of Indian Premier League (IPL) franchises in the Hundred tournament. Following a previous bid for London Spirit that was unsuccessful, RPSG's winning bid valued the Originals around £116 million. While analysis of ownership structure indicates that RPSG may own 70% of the team, the specific distribution of this ownership between the England and Wales Cricket Board and the county side is still under clarification. Lancashire expressed enthusiasm over the partnership, aiming to strengthen cricket in Manchester.
RPSG Group's acquisition of a 70% stake in Manchester Originals illustrates the growing influence of Indian Premier League teams in global cricket markets.
We have been very focused on securing a great partner ideally from the IPL, and RPSG has been our preferred bidder for some time.
Read at www.theguardian.com
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