Tuesday, April 1, 2025
HomeCRICKETSun Group ensures participation in the northern superchargers

Sun Group ensures participation in the northern superchargers


A third owner of the IPL franchise has been victorious in the current sale of one hundred with the Sun group, owners of Sunrisers Hyderabad, which makes the highest offer to buy a participation in the northern superchargers, whose host county is Yorkshire .

Espncricinfo understands that the SUN Group has agreed to buy 100% of the franchise: both the participation of the ECB and the 49% participation of the ECB and the 51% Yorkshire participation. Superchargers are the first team to be sold directly, with host places that retain a participation in the first five franchises sold.

The assessment of the superchargers by the SUN Group was £ 100 million, with two other parts that participated in the auction. Both Yorkshire and Sun Group have to end the agreement within eight weeks at the end of the sale of one hundred.

Yorkshire will maintain 80% of the income of the sale of its 51% participation, which will provide the club with an injection of around £ 40 million. Colin Graves, president of Yorkshire, predicted last year that the club would soon be “fighting for its survival” due to debts of more than 20 million, of which around £ 15 million are due to its family trust (which is administered by independent trusts).

The Superchargers will be the third T20 franchise team in the Sun Group portfolio. They acquired Sunrisers Hyderabad in 2012, who won the IPL in 2016 and ended as finalists last year. In 2023, Sunrisers Eastern Cape added, who won the SA20 title in their first two editions.

The SUN Group is owned by Kalanithi Maran, a baron of the Indian media, which successfully offered by the IPL franchise after BCCI finished the property contract of the previous team based in Hyderabad, Deccan Chargers, in 2012.

Superchargers have not yet won the hundred in the male or female competition, with both teams ending fourth in 2024. Andrew Flintoff and captained by Harry Brook, while the women’s team recently appointed Lisa Keightley as Dani Hazell’s. successor. Mickey Arthur has also assumed the position of its new cricket director this year.

There could be at least another owner of the IPL, the GMR group, the co -owners of Delhi Capitals, who are also expected to buy a participation in Southern Brave after ensuring an agreement to buy Hampshire of the host county last year.

Warwickshire confirmed that Knighthead is his favorite investor on Wednesday. The executive president, Stuart Cain, said: “We said at the beginning of this process that we wanted an investor committed to invest in the region and be with us in the long term, to make a real difference. I think we have found that in Knightthead and we hope work with them during this period of exclusivity. “

The total valuation of the six franchises so far is about £ 800 million, with Trent Rockets and Southern Brave still to sell.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular