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The Independent UK

Sport

Rory Dollard

Hundred auction concludes with tournament valued at close to £1bn

Hundred Brave GMR Southern Brave Cricket Steven Paston Todd Boehly Washington Freedom Welsh Fire Chelsea

Oval Invincibles lifting the Hundred trophy (Steven Paston/PA) - (PA Wire)

The avalanche of new money generated by the England and Wales Cricket Board’s Hundred auction has concluded with a deal for Southern Brave that takes the total value of the eight-team tournament close to £1billion.

GMR, the co-owners of Indian Premier League franchise Delhi Capitals and owners of the Brave’s host county Hampshire, have agreed to pay a reported fee of nearly £50m for the ECB’s 49 per cent stake of the team.

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