Overview
- All eight franchise agreements are now finalized, with the last two deals—Oval Invincibles and Trent Rockets—confirmed by the ECB.
- Surrey will hold 51% and Reliance 49% of the Oval-based franchise, which will compete as MI London from 2026 across both men’s and women’s teams.
- The combined franchise valuations total about £975 million, with over £500 million directed back into the game, including £50 million for grassroots cricket.
- Cain & Ares completed their Trent Rockets investment in October, closing the final previously outstanding transaction.
- Team operating companies formed by host venues and investors will run the sides ahead of 2026, when The Hundred plans its first player auction.