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The Independent UK
The Independent UK
Sport
Rory Dollard

Tech consortium agrees 49 per cent stake in London Spirit for reported £145m

London Spirit Spirit ECB Hundred Lord Tom Brady Steven Paston Cricket
A consortium of tech billionaires has agreed to buy a stake in Hundred franchise London Spirit (Steven Paston/PA) - (PA Wire)

A consortium of tech billionaires has agreed to buy a 49 per cent stake in Hundred franchise London Spirit, the PA new agency understands.

Cricket Investor Holdings Limited, led by US cybersecurity company Palo Alto Networks chairman and chief executive Nikesh Arora, is poised to purchase a holding in the Lord’s-based side, with reports suggesting it would cost them £145million, which would value Spirit at around £300m.

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