The Middlesex County Cricket Club (MCCC), 161, launched a secret examination of its status as a mutual property while it seeks to place the lord’s outfit on a long -term financial basis.
Sky News can exclusively reveal that Middlesex has drafted Oakvale, an advisor specializing in finance of sports and games, to explore a range of options, which, according to the initiates, include the longer term of a demialization and of a partial sale.
Potential investors have already started to remedy themselves in terms of early stage.
Sources have said that he was not planned for the club to go away or stop playing at Lord, adding that the destination and the famous its status belonging to members were not “immediately” to order of the day.
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The exam is the last to involve one of the 18 professional English cricket counties and follows the recent sale of a majority participation in Hampshire in the GMR group, the owner of the Indian French franchise, the Capitals of Delhi.
The news of the Middlesex journal intervenes in the weeks following the Board of Cricket England and Wales (ECB) obtaining a historic windfall of 520 million pounds sterling to be injected into the professional and recreational game of the auction of auction of Its 49% participations in the eight hundred sports tournament franchises.
The most lucrative of those who come from the sale of the London Spirit team from Lord’s, valued at 295 million pounds sterling, after being at the center of a ferocious auction war finally won by a group of billionaires of American technology.
These included the Google and Microsoft Indian Origin Manager, with the consortium led by Nikesh Arora, the old SoftBank frame.
Cricket initiates have tipped the consortium to explore if an offer to inject funding into the MCCC would also have a meaning.
The hundred auctions will rank as a financially transformation moment for sport, at a time when many professional counties – including Yorkshire – are struggling to reach both ends.
While the MCCC will benefit from a boon estimated at more than 20 million pounds sterling in the distribution of the product of the hundred of sale, its financial situation is relatively lower than the other first class counties.
He pays rent at the Marylebone Cricket Club (MCC), the owner of Lord’s, and unlike most counties has or has no direct financial interest in his land.
This would have made the exploitation of its commercial assets more difficult.
The MCCC was founded in February 1864 by a “gathering of Middlesex Gentleman in the London Tavern”, in the history of the club.
Middlesex made his debut in June 1864 at the Cattle Market Ground in Islington and has been based in Lord’s since 1877.
He won the county championship at 13 times and had legends of English cricket, notably Denis Compton, Mike Gatting and Andrew Strauss among his former players.
This summer, the New Zealand drummer Kane Williamson will play for Middlesex in the Vitality Blast and Rothesay County championship.
Currently held by around 7,000 members, its mutual status means that it is regulated by the Financial Conduct Authority.
According to people close to the process, at least 50% of MCCC members should vote in a ballot to be legitimate, which has described as difficult because many club members acquire a subscription only to secure tickets To test matches played at Lord’s.
Even if a future vote should be valid, 75% of those who voted should vote in favor of the end of its mutual status.
To date, only three professional counties have deprived, with two of them – Hampshire and Northamptothire – doing it to avoid collapsing, with the other, Durham, going.
A source described the MCCC as one of the biggest brands in global cricket and said that the strategic examination was aimed at ensuring that the club would be competitive in all forms of the game, as well as financially sustainable, during Next 50 years.
According to a potential investor, Oakvale’s analysis should focus on protecting the assets of the MCCC, as well as the interests of the members and the Middlesex fans base.
An MCCC spokesperson refused to comment on Tuesday.