Espncricinfo understands that the winning offer valued 100% of the fire at £ 67.5 million, which implies that Govil will pay just over £ 33 million for its minority participation in the team.
Now it will enter a period of exclusivity with Glamorgan, the host county of the fire. The two parties will negotiate contractual details with the help of the ECB and their advisors during the next eight weeks. Glamorgan told its members earlier this month that they intend to retain their control participation of 51% in Welsh Fire.
Govil is the president of two technological companies in the USA.: Infinite Computer Solutions, a leading technology services company, and Zyter, a health technology services company. Two years ago, he made his first substantial investment in Crick -bought Washington Freedom in Major League cricket and the franchise won the title in its second season, with Ricky Ponting serving as a chief coach.
The fire has failed to reach the play-offs in the first four editions of the hundred men, but their female team has been more successful and lost finalists last year. The team is expected to be the lowest assessment of the eight, having attracted relatively small crowds to date.
The valuation means that the ECB has brought around £ 278 million to the English game with the sale of 49% participation in four hundred teams in the last two days. The income will be divided between the 18 first class, MCC and the recreational game in England and Wales, and is designed for “future proof” the county game for at least the next two decades.
The ECB declined to comment, while Glamorgan was also contacted to comment.
Additional reports: Nagraj Gollapudi.
