The richest family in India has won a historic agreement to buy a 49% stake in the invincible oval in an agreement that will unite the team based in London with the property of the Indians of Mumbai of the Indian Premier League.
Sky News can exclusively reveal that the Ambani family, which has an estimated fortune for tens of billions of dollars, has triumphed in a three -way auction led by the Cricket Board (ECB) in England and Wales ( ECB).
The price that the Ambanis agreed to pay for the participation of the ECB was not clear, although sources declared that it had evaluated 100% of the invincible oval at around 125 million pounds sterling.
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If this price is confirmed, the 60 million pounds sterling at around 60 million pounds sterling in the ECB would establish a reference for the sale of the challenges of the Manager organization in the remaining seven teams to be carried out next week.
The owners of the Mumbai Indians triumphed after competing with a group of technological billionaires, including the Google and Microsoft bosses.
CVC Capital Partners, the investment capital company which was a prolific investor in Elite Sport ranging from Formula 1 to volleyball, also had to participate in the auction.
The result, which cannot be officially announced before next week, will see Ambanis emerge from the most powerful stakeholders in the English cricket.
An initiate said that the Mumbai Indians would gain significant governance rights on the cricket aspects of the invincible oval team.
The male team of invincible oval, captain by Sam Curran and featuring internationals from England such as Gus Atkinson, should recover the second highest prize of all the teams, behind London Spirit, who will see the participation of the ECB Sold on Friday.
The Consortium Tech Billionaire will also participate in this process.
The bidders in the auctions with at least three participants are able to submit binding offers at intervals of 15 minutes and by increase of at least 3 million pounds sterling.
Birmingham Phoenix is the next on the block, with its auction scheduled for Thursday afternoon.
London Spirit should reach the highest price. Peak: pa
The loss of tenderers in each franchise can have the opportunity to participate in the remaining processes, although the mechanics of such a scenario was not clear on Wednesday.
The other remaining bidders for London Spirit are a vehicle controlled by Todd Boehly, a shareholder of the Chelsea Football Club; Manchester United Glazer family; And RPSG Group, the owner of the Indian team at Premier League Lucknow Super Giants.
For franchises with only two preselected bidders, the auction will involve a simple sealed tendency shooting.
The London Spirit franchise should be estimated at more than 140 million pounds Sterling, which means that the benefits to be received and distributed by the ECB would cost at least 70 million pounds sterling, the initiates added.
In total, the ECB indicated that the eight teams could be worth in the region of 350 million pounds sterling, although there are hopes that this figure will be exceeded.
The product will be distributed between hosts, non -host counties and the basic game.
Reception counties are also authorized to sell their participations of 51%, although some have declared that they did not intend to do so.
The MCC, which controls the London Spirit franchise, does not intend to unload one of its parties at this stage, according to Cricket Insiders.
Investors will not be allowed to have a participation in one of the eight teams, who also include Welsh Fire, Southern Brave and the Northern Superchargers.
A bigger than expected windfall could offer a financial rescue buoy to a number of short money counties, with part of the product likely to be used to reimburse the debt.
However, concerns have been raised that the manners of the hundred auctions will not offer a significant improvement in the long -term financial sustainability of the counties.
The result of the hundred auctions is also likely to intensify other research issues on the future of cricket, because the game testing format is fighting for international trade relevance against a shorter competition.
The hundred auction is managed by bankers from the Raine group, the same company that has supervised the sale of major participations in Manchester United and Chelsea in recent years.
The ECB refused to comment on Thursday, while participants in the Invincible Oval process could not be joined to comment.