Lancashire yet to announce if controlling stake acquiredSuccessful bid increases IPL’s footprint in the Hundred
The owners of Lucknow Super Giants have agreed a stake in Manchester Originals, extending the Indian Premier League’s footprint in the Hundred.
RPSG Group had failed in acquiring a stake in London Spirit last week but tabled a winning bid on Monday, with the Originals earning a full valuation understood to be around £116m. While Lancashire, the host county, have announced RPSG’s successful bid it remains unclear whether a controlling stake has been acquired, with the club yet to confirm details. Reports claim that a 70% stake has been agreed, 49% from the England and Wales Cricket Board with the rest from the county side.
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