The Hundred's recent auction has led to massive financial gains for English cricket, raising approximately 279m from sales of stakes in teams including London Spirit and Welsh Fire. The ECB has exceeded initial projections and now anticipates surpassing the combined target of 350m for all eight teams' stakes. Notably, a Silicon Valley consortium, including executives from Microsoft and Google, purchased a 49% share in London Spirit for 144m, elevating the team's valuation. The raised funds will benefit 18 first-class counties, the MCC, and potentially recreational cricket, marking a transformative moment for the sport.
The recent sales in the Hundred have exceeded expectations, raising around 279m for the ECB and significantly benefiting English cricket's financial landscape.
The deal is not just about the financial impact; it marks a significant interest from tech industry leaders in the sports sector.
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