New ECB chair Richard Thompson believes The Hundred is "worth a lot more" than £1bn following investment interest from a private equity firm.
Thompson has previously said the ECB are open to outside investment in the tournament and Sky News reported last month that Bridgepoint Group had approached them with a £400m offer for a controlling 75% stake in The Hundred.
And when quizzed about the offer, Thompson confirmed the ECB had received one and drew comparisons to the IPL when speaking about how much he felt The Hundred was worth. "The reality is The Hundred has created an awful lot of interest in private equity markets," Thompson told BBC Test Match Special.
