The deals to sell franchises in The Hundred were completed on July 30, 2025. Here's the list of investors in the teams.
ECB finalises sale in six Hundred franchises
At the end of 2024, the England and Wales Cricket Board (ECB) opened the bidding to outside investment for stakes in the eight teams in The Hundred, the board's franchise competition which began in 2021. With the close involvement of the English counties in the running of these franchises, the income generated by these sales has been much-anticipated, promising to add an injection of cash into the domestic game in England. ECB chief executive Richard Gould even called it a "once-in-a-generation" chance.
On Wednesday (July 30), the ECB released a statement saying, “The England and Wales Cricket Board (ECB) today confirmed a landmark achievement in the evolution of The Hundred, with deals now complete with the first six strategic partners for The Hundred teams.
The remaining two are set for formal completion at a later date. They remain on track, in line with the ECB having offered investors the option of completing later.”
The statement also confirmed that investors will operate their franchise in partnership with the respective county, and that they will take over operational control from October 1, 2025. Over £500 million is set to be shared between the professional counties and grassroots cricket initiatives.
List of confirmed investors in Hundred teams
When the teams were put up for sale, it was reported that as many as eight of the ten owners/investment groups connected with IPL franchises had submitted bids. As things stand, three ownership groups of IPL franchises have acquired Hundred teams, with one more in the pipeline to be formally completed later.
| Hundred franchise | Investor (Stake) | Associated IPL team | Notes |
| London Spirit | Tech Titans (49%) | - | - |
| Birmingham Phoenix | Knighthead Capital Management, LLC (49%) | - | - |
| Manchester Originals | RPSG Group (70%) | Lucknow Super Giants | - |
| Northern Superchargers | Sun TV Network Limited (100%) | Sunrisers Hyderabad | - |
| Southern Brave | GMR Group (49%) | Delhi Capitals | - |
| Welsh Fire | Washington Freedom (50%) | - | - |
| Oval Invincibles | Reliance Group (49%) | Mumbai Indians | To be formally completed later |
| Trent Rockets | Cain International & Ares Management (49%) | - | To be formally completed later |
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