The English cricket has obtained an unexpected gain of several million pounds after a consortium by Silicon Valley Tech won a war of offers with the RPSG group owned by Sanjiv Goenka for a 49% participation in London Spirit, the one hundred team with Headquarters in Lord’s.
The winning offer made by the Consortium, headed by Nikesh Arora de Palo Alto Networks, valued the spirit at £ 295 million, more than double the price paid for Reliance Industries Limited by Oval Invincible on Thursday. It means that they will pay £ 144.55 million for a 49% participation in the spirit, with MCC with the intention of retaining their position as a majority shareholder.
The price is more than double the valuation of the floor established by London Spirit based on the indicative offers of the investors and represents a significant injection of funds in the English cricket. The revenues collected in the sales process will be divided between the 18 first class, MCC and the recreational game and is designed for the County cricket “Future Proof” for the next 20 years.
The Consortium includes Losco Pichai, Satya Nadella, Shantanu Narayen and Egon Durban, the CEO of Google, Microsoft, Adobe and Silver Lake Management, respectively, as well as Arora and Satyan Gajwani, who is one of the co -founders of the United States of the United States based in the United States. Major League cricket and Vice President of Times Internet, the Indian digital giant. It is understood that the consortium’s offer was headed by Arora and Gajwani, after they were among the last investors to enter the race.
Goenka, whose RPSG Group company directed Lucknow Super Giants in the IPL, was considered the favorite to buy a participation in the spirit, but was beaten in a three -hour offers war on Friday afternoon, which lasted so long that the time of Start of it The process in Welsh Fire was delayed an hour. The RPSG group is now expected to focus its attention on Manchester’s originals next week.
Avram Glazer, co -owner of Manchester United, and Cain International, led by Chelsea director Jonathan Goldstein, also participated in the auction process on Friday afternoon, but retired from the beginning.
The Consortium will now enter a period of exclusive negotiations with Marylebone cricket Club (MCC), the owner of the host place, and will complete an agreement in the eight -week window established by the ECB since the end of the final round of the tender process. MCC has publicly maintained at all times that it intends to retain its 51% participation in the spirit.
The spirit are defending the champions in the hundred female, with the captain of England Heather Knight, taking them to their inaugural title last year and Decepti Sharma of India hit the winning races in the final. His male team, on the contrary, has only won three games in the last two hundred seasons, and finished the background in 2024.
