Sanjiv Goenka, owner of Lucknow SuperGiants and Durban SuperGiants, as well as the head of the RPSG Group, has successfully acquired the Manchester Originals franchise in The Hundred tournament.
According to Cricbuzz, the exact purchase value remains undisclosed but the deal is approximately worth £107 million. This figure is nearly half the enterprise valuation of London Spirit, which was sold to a consortium of US-based tech billionaires.
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Goenka had also actively pursued the Lord's-based franchise before ultimately stepping away from the deal.
Earlier on Friday, Microsoft CEO Satya Nadella, Google CEO Sundar Pichai, Palo Alto Networks CEO Nikesh Arora, Times Internet Limited vice chairman Satyan Gajwani, Adobe CEO Shantanu Narayen, Silverlake Technology CEO Egon Durban, Sequoia's Jim Goetz and two others are part of the consortium that grabbed the London Spirit franchise. The side has their home at the Lord's.
Arora, Pichai and Narayen are known to be big cricket fans while Nadella co-owns Major Cricket League's (MLC) Seattle Orcas franchise and Gajwani owns and runs Willow TV, cricket's biggest streaming platform in the west as well as Cricbuzz.
GB£295 million is the 100% bid value of which the consortium will pay 49%. The remaining 51% will remain with the England & Wales Cricket Board (ECB) as part of The Hundred's business model.
