'seminal Moment' - Stakes Sold In Six Hundred Teams

The income of stakes successful six of The Hundred teams person been completed, nan England and Wales Cricket Board has confirmed.

Investments successful Oval Invincibles and Trent Rockets are yet to beryllium completed but "remain connected track".

The Sun Group, proprietor of Indian Premier League (IPL) broadside Sunrisers Hyderabad, has paid conscionable complete £100m for a 100% liking successful Northern Superchargers, who are based astatine Yorkshire's location Headingley.

Indian institution RPSG Group, which owns Lucknow Super Giants successful nan IPL and Durban's Super Giants successful nan SA20, has purchased 70% of Manchester Originals, while GMR Group, which owns Delhi Capitals, has bought 49% successful Southern Brave.

American-based groups Tech Titans (49%), Knighthead Capital Management (49%) and Washington Freedom (50%) person completed purchases successful London Spirit, Birmingham Phoenix and Welsh Fire, respectively.

The valuation of nan 8 teams was £975m, pinch much than £500m being generated via nan income which will now beryllium shared by nan England and Wales Cricket Board (ECB) among its master counties and astatine slightest £50m for grassroots cricket.

Investors will return operational power from 1 October, meaning they will person nary nonstop engagement successful this year's competition, which starts connected 5 August.

ECB chair Richard Thompson said: "The Hundred has already played a captious domiciled successful increasing cricket successful England and Wales - attracting caller audiences, elevating nan women's game, and delivering high-quality entertainment. The sheer standard of world liking we've seen passim this process highlights conscionable really overmuch imaginable remains to beryllium unlocked.

"With these caller partners connected board, we're entering an breathtaking caller shape and a seminal infinitesimal for cricket successful England and Wales. Their world position and way grounds successful elite athletics and business will thief america reimagine what's imaginable - from deepening instrumentality connections to attracting moreover much world-class players.

"Crucially, this finance will not only substance nan competition's maturation but besides transmission transformative levels of backing into our master counties and grassroots game.

"This will guarantee cricket continues to thrive astatine each levels crossed England and Wales for generations to come, supporting our broader ambitions to go nan country's astir inclusive athletics and driving cricket into harder to scope and under-served communities."

The ECB retains ownership of nan title and power of nan regulations and playing window.

A caller committee will beryllium established, featuring ECB representatives and nan teams, and will determine nan strategical guidance and commercialized maturation of The Hundred, including sponsorship and licensing deals, subordinate salaries and subordinate draught and retention mechanics.

The 2025 Hundred runs until 31 August pinch 16 matches unrecorded connected BBC TV and iPlayer, including some finals.