English cricket has received a “£400m private equity approach” for a majority stake in the Hundred, a potentially gamechanging moment for the sport. The offer for 75% of the sport’s newest competition has come from Bridgepoint Group, a London-listed buyout firm, offering an injection of funds for the England and Wales Cricket Board and the 18 first-class counties, according to Sky News.
The Hundred, which launched in 2021 after a 12-month delay because of the Covid-19 pandemic, has long been considered ripe for private investment with the overall rise of franchised Twenty20 competitions around the world.
