One hundred: Yorkshire settled to sell all shares in northern Superchargers after reporting £ 100m agreement agreed | Cricket news

Yorkshires are set to become the first county that sells a whole 100 percent shares in their team, after agreeing a 100m reported agreement with the Indian Premier League Sunriserrs Hyderabad owners.

The Sun Group of Kalanithi Maran, who also owns Sunrisers East Cape at the T20 League of South Africa, with no rival bidder for a 49 percent northern superchargers based on Headingley.

It is understood that the group followed by the hit of a 51 percent host of the host of Yorkshire, giving them single control of superchargers.

The team has not yet enjoyed any vulnerable success in four seasons of the competition, but boasts the quality of the international star in the form of men’s Andrew Flintoff coach and star players like Harry Brook, Adil Rashid and Kate Cross.

The Board of the Crikes of England and Wales has now auctioned shares in six of its city -centered sides, running new money up to about £ 450m in anticipation of completion of conditions.

A £ 14m rating came from a Silicon Valley consortium that won a London -based London -based London bidding war, while three of the successful bidders are IPL -related groups, including RPSG (Lucknow Super Giants) in Manchester Originals and Reliance (Mumbai Indians) Partnership with Surrey in Oval Invincibles.

The money raised from 49 percent of the ECB will be divided 19 ways, between 18 first-class circles, as well as a donation to recreational game, with hosts benefiting from another 51 percent.

In the case of Yorkshire, their Indian rainfall should help cure long financial problems that have sometimes cast doubt on the sustainability of their business.

The shadow of a 15m debt for the Graves family’s Trust has long been dependent on Yorkshire, but can now be cleaned in a decline, stopping plans to demutalize the club and end his status as a member club .

Yorkshire chief of Yorkshire Sanjay Patel, who previously served as managing director of a hundred, welcomed the news, adding: “We are glad we are entering a period of exclusivity with the sun group, and we will continue our conversations with them in Next weeks with the aim of setting up northern super-bolt for long-term and sustainable success.

“Being in consultation with them for some time now, it is clear that they are in accordance with the future values ​​and direction of the club and will play a major role to ensure that we can continue to achieve great success in the coming years.

“Today is clearly a great milestone for Yorkshire CCC, Superchargers Northern and The Sun Group, but it is worth noting that there are many details to be discussed along with further proper care and legal processes before it can a contract is signed. ”

Superchargers auction was postponed from his initial place Tuesday, allowing unsuccessful bidders from previous sessions to reopen Yorkshire negotiations, an action intended to maximize maximum.

Trent Rockets and Southern Brave will be ready for capture in the coming days, with the latter likely to be taken by Hampshire GMR owners, which means 100 percent of the other owner.

Warwickshire, meanwhile, has spoken publicly for the first time since the Knighthead Capital management – New York -based firm that already owns Birmingham City – won the race to invest in Birmingham Phoenix.

Chief executive Stuart Cain said: “Throughout the Knighthead process demonstrated a strong financial commitment and a deep understanding of what it takes to raise high performance sport.

“They have a broad global impact that will help us promote Birmingham Phoenix to cricket and sports fans around the world and a great experience in sports investment.

“We would have said at the beginning of this process that we wanted an investor committed to invest in the region and be with us for a long term, to make a real change.

“I believe we have discovered that in Knighthead and we look forward to working with them during this period of exclusivity.”