#sports ECB chairman Richard Thompson refuses to rule out selling Hundred teams off to private investors

#sports ECB chairman Richard Thompson refuses to rule out selling Hundred teams off to private investors

#sports activities ECB chairman Richard Thompson refuses to rule out selling Hundred teams off to private investors

Table of Contents

‘Gold rush for TV rights’: ECB chairman Richard Thompson refuses to rule out selling Hundred teams off to private investors… as he admits intention is to ‘generate important worth to the sport’ with 80% of cricket’s earnings arriving via broadcasts

  •  ECB chairman Richard Thompson desires to maximise the worth of the Hundred
  • At the second a lot of the Hundred’s earnings comes from broadcasting rights 
  • Thompson has not dominated out selling off Hundred teams to private investors  

The new ECB chairman Richard Thompson has refused to play down the likelihood that the eight Hundred teams might be offered to private investors, saying he has a ‘preference for maximising value’.

Thompson, whose views on the brand new competitors have turn into extra constructive since he swapped the Surrey chair for the ECB job, mentioned there was a ‘gold rush for TV rights’, with T20 franchise competitions popping up all around the world.

And whereas he refused to be drawn on particulars, he admitted: ‘Whatever decision we take, if the Hundred can generate significant value to the game, then that’s bought to be factor. You’ve bought to decide on when’s the best time.

ECB Chairman Richard Thompson has not ruled out selling Hundred teams to private investors

ECB Chairman Richard Thompson has not dominated out selling Hundred teams to private investors

‘Timing’s every little thing. Eighty per cent of the sport’s income is broadcast, so there’s that cliff-edge second each 4 or 5 years the place each rights holder walks into the on line casino and simply hopes it’s going to fall on a quantity from the wager they positioned.

‘If this is the time, fine, but I think that’s a judgement name we don’t have to make but. It’s very clear in the mean time there’s a whole lot of curiosity.’

When plans for the Hundred have been first introduced 4 years in the past, the expectation was that the competitors would stay the property of the ECB and the counties.

More lately, the controversy has modified. In 2020, with the beginning of the match postponed for a 12 months due to the pandemic, one consultancy group urged the ECB to flip the Hundred right into a automobile for private funding – with the last word intention of attracting Indian stars and pulling off a payday with one of many broadcast giants of the subcontinent.

80% of the Hundred team's money like the Oval Invincibles (pictured) comes from broadcast

80% of the Hundred staff’s cash just like the Oval Invincibles (pictured) comes from broadcast

Owners of the ten IPL franchises have already invested closely in T20 tournaments world wide, together with the West Indies, the UAE and South Africa, with a view to using their very own stars on year-long contracts and lessening the attractiveness of worldwide cricket. The Hundred could but turn into a part of the IPL’s mission.

Thompson informed Sportsmail: ‘There’s a whole lot of private fairness out there in the mean time and it’s inevitable it would occur in English cricket. I’m anticipating there to be some curiosity. I feel we want to be strategic about the best way we go about that.

‘We’re solely two years into this and it will be very straightforward to have our heads turned, however we’ve got to make the best name on this. If the best strategy is made, or we resolve as a sport that we should always realise the worth of what we’ve created, then we should always guarantee we get the advantage of that.’

Thompson thinks that the investment from private equity into Hundred cricket is 'inevitable'

Thompson thinks that the funding from private fairness into Hundred cricket is ‘inevitable’

The Trent Rockets won this year's Hundred winning the final against Manchester Originals

The Trent Rockets received this 12 months’s Hundred profitable the ultimate towards Manchester Originals

Leave a Comment

%d bloggers like this:
adplus-dvertising