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The Times of India
The Times of India
Sport
Hindol Basu | TNN

RPSG Group bags Manchester Originals team

Manchester Originals RPSG Sanjiv Goenka Manchester Cricket United States ECB New Delhi

NEW DELHI: The RP-Sanjiv Goenka Group, led by business tycoon Sanjiv Goenka, acquired 70 percent stake in the Manchester Originals cricket franchise for approximately 75 million pounds – valuing the franchise at 107 million pounds – following an auction on Monday. The RPSG Group outbid a US-based private equity firm to land the winning deal. This is the first time a majority stake has been bought by a group in a Hundred franchise.

Manchester Originals, based at the iconic Old Trafford Ground in Manchester, is one of the eight franchises in The Hundred – an 100-ball cricket tournament promoted by the England and Wales Cricket Board (ECB). The team represents the Lancashire county club.

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