ECB to invest in Hundred

The England and Wales Cricket Board (ECB) is considering private investment from Indian Premier League (IPL) franchises to enhance the financial stability and global position of The Hundred, a 100-ball format tournament. The ECB plans to sell a 49% stake in each team while retaining control of the competition, with host teams keeping 51% of shares. ECB chief executive Richard Gould emphasized that the board will not relinquish control over the tournament's organization. IPL owners, known for their substantial resources, may seek full ownership, but the ECB aims to balance financial support with governance. The ECB has also indicated openness to potential investments from American football's NFL. The forthcoming changes are anticipated to reshape the competition starting in 2025.