Hundred Auction Secures £280 Million, Reshaping English Cricket's Future

The sale of minority stakes in four Hundred franchises brings unprecedented investment, promising financial stability and new challenges for the sport.

The England and Wales Cricket Board (ECB) raised £280 million by selling 49% stakes in four Hundred franchises, including London Spirit and Oval Invincibles.
Counties are set to receive a windfall of approximately £11 million each, with £40 million allocated for grassroots cricket development and infrastructure improvements.
The London Spirit franchise attracted the highest bid of £145 million, driven by its association with Lord’s, highlighting the value of historic venues in English cricket.
New investors include global tech executives and sports figures, such as Tom Brady, marking a shift in ownership dynamics within English cricket.
While the financial boost is significant, concerns remain about the influence of private investors and the long-term sustainability of the competition.