- Winning bid for 49% stake values London Spirit at £295m
- Tech consortium includes Microsoft and Google execs
The Hundred is set to deliver an eye-watering windfall for English cricket that exceeds all projections after a Silicon Valley tech consortium won the right to buy a 49% share in London Spirit for £144m in a deal that valued the club at £295m.
Though just the third portion of Hundred equity to be auctioned off so far, the winning bid by a group featuring the chief executives of Microsoft and Google means the England and Wales Cricket Board has already raised £244m after similar stakes in Oval Invincibles (£60m) and Birmingham Phoenix (£40m) were sold 24 hours earlier.
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Source link : https://www.theguardian.com/sport/2025/jan/31/silicon-valley-tech-billionaires-splurge-144m-on-london-spirit-in-hundred-cricket-auction
Author : Ali Martin
Publish date : 2025-01-31 17:56:13
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