ECB Planning to Privatise The Hundred, N Srinivasan and Lalit Modi Could be Investors: Report

Last Updated: February 13, 2024, 11:58 IST

N Srinivasan (left) and Lalit Modi. (AFP Photo)

N Srinivasan (left) and Lalit Modi. (AFP Photo)

Lalit Modi is a former IPL commissioner while N Srinivasan’s India Cements owns franchises in IPL, SA20 and MLC.

The England and Wales Cricket Board (ECB) is gearing up to privatise its 100-ball tournament called The Hundred which was launched with much fanfare in 2021. The plan will go ahead once at least two-thirds of ECB’s 18 county teams give their approval to it.

According to a report in moneycontrol, 10 county teams have ‘agreed in principle’ and once two more are added to this list, ECB will proceed with their plan to revamp The Hundred.

The report further claims that Lalit Modi, the former IPL commissioner, and former BCCI president N Srinivasan could be among the investors lining up for the tournament expected to be launched by 2025.

There’s a possibility that the number of teams for the private league could be increased. Currently, eight teams compete in The Hundred.

Modi now resides in London and there are rumours he has offered ‘to bring in a billion-dollar investment’ for the revamped private league.

On the other hand, Srinivasan’s company owns teams in IPL, SA20 and MLC.

“The IPL franchise owners are already making a good deal of money from the T20 league. It makes sense for them to invest money because they can sustain it. They’re already earning from a cricket league, so makes sense to expand and invest in another. For a complete outsider to put in money and break even at some point will be a bigger challenge,” the publication quoted an unnamed source as saying.

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