Silicon Valley CEOs Bid for London Cricket Team

A consortium of Silicon Valley CEOs, including Alphabet's Sundar Pichai, Microsoft's Satya Nadella, and Adobe's Shantanu Narayen, is bidding $97 million for a London-based cricket team in 'The Hundred' league. The bid targets either the Oval Invincibles or the London Spirit, two prominent teams in the league, with the initiative spearheaded by Nikesh Arora and Satyan Gajwani. The Hundred, launched in 2021, is a modern cricket format designed to attract younger fans with its fast-paced matches. The England and Wales Cricket Board (ECB) opened bidding as part of a strategy to bolster the financial standing of the league. The consortium's interest underscores the growing global appeal and commercial potential of cricket, with significant investments in the US and an aim to replicate the success of the Indian Premier League. The ECB plans to announce the final list of investors by early 2025.