RPSG Group luggage Manchester Originals workforce | Cricket Information – The Occasions of India

NEW DELHI: The RP-Sanjiv Goenka Group, led by enterprise tycoon Sanjiv Goenka, acquired 70 p.c stake within the Manchester Originals cricket franchise for about 75 million kilos – valuing the franchise at 107 million kilos – following an public sale on Monday. The RPSG Group outbid a US-based non-public fairness agency to land the successful deal. That is the primary time a majority stake has been purchased by a bunch in a Hundred franchise.
Manchester Originals, primarily based on the iconic Outdated Trafford Floor in Manchester, is among the eight franchises in The Hundred – an 100-ball cricket event promoted by the England and Wales Cricket Board (ECB). The workforce represents the Lancashire county membership.

The lads’s workforce of Manchester Originals is led by England’s white-ball skipper Jos Buttler and contains the likes of Phil Salt and Jamie Overton. The ladies’s workforce contains prime names like England’s Sophie Ecclestone, who captains the aspect, Australia’s Beth Mooney and South African opening batter Laura Wolvaardt.
The Manchester Originals would be the third franchise-based workforce owned by the RPSG Group in a cricket league. The group owns the Indian Premier League franchise Lucknow Tremendous Giants and SA20 franchise Durban’s Tremendous Giants.

The sale of stakes in The Hundred franchises is nearing completion. Binding bids opened on January 30. The ECB is offloading a 49 p.c stake in every workforce, whereas counties have the choice to promote half or all of their 51 p.c share. RPSG bagging Manchester Originals for a 70 p.c stake is the very best when it comes to proportion share in a workforce up to now.
The Reliance Group had earlier purchased stake in Oval Invincibles and an American consortium had picked stake within the London Spirit workforce.