ECB recruit advisors to privatise Hundred with confirmed plans to promote stakes in all eight groups, with golf equipment in a position to hold no matter proportion of their 51 per cent they want

The ECB hopes to take its controversial Hundred event ‘to the following degree’ after confirming plans to promote stakes within the eight groups to non-public traders later this yr. The Raine Group and Deloitte have been appointed to advise on the gross sales.

The eight host golf equipment – Glamorgan, Hampshire, Lancashire, Nottinghamshire, Surrey, Warwickshire, Yorkshire and MCC – will every obtain a 51 per cent stake of their respective groups, and might promote or hold no matter proportion they want.

The ECB will promote the opposite 49 per cent, of which 10 per cent will go to the leisure sport, and the primary £275m of what stays shared between the 18 first-class counties and MCC. 

The following £150m shall be break up between the 11 non-host counties, with something earned past that once more break up 19 methods. The ECB will retain possession of the competitors itself.

‘Now we have recognized this second as the chance to take The Hundred to the following degree whereas capitalising on the worldwide curiosity of the competitors to underpin the construction of the entire home sport,’ stated ECB director of operations Vikram Bannerjee.

The eight host golf equipment  can promote or hold no matter proportion of their 51% stake that they want