English cricket catches the eyes of private equity powerhouse in £400m bid
The England and Wales Cricket Board (ECB) has reportedly caught the eyes of private equity powerhouse Bridgepoint Group.
The UK private equity firm has tabled £400m to bring The Hundred under its wing, Sky News first reported today.
A source close to the ECB said Bridgepoint had proposed buying a 75 per cent stake in The Hundred, according to the report, which could see millions being injected into English cricket.
The move could “game-changing”, said one source, suggesting it is likely the offer will win widespread support from county chairs.
The Hundred launched last year after a 12-month delay due to the Covid-19 pandemic.
Each of the 18 counties which make up the sport would receive a fresh bout of cash, just as the country enters a recession.
Both the ECB and Bridgepoint declined to comment when approached by Morning Wire