The 18 counties will focus on a radical revamp of the Hundred on TuesdayThe 10-team Hundred has been valued at £1billion by accountancy agency Deloitte New Hundred groups within the south west and north east earmarked by ECBBy Matt Hughes For The Each day Mail Revealed: 20:23 GMT, 20 November 2023 | Up to date: 23:23 GMT, 20 November 2023
The Hundred is ready to develop to 10 groups, with the opposite eight counties provided the prospect to type a second division and the theoretical risk of promotion, as a part of a £1billion relaunch of the competitors.Mail Sport can reveal particulars of radical new plans to be mentioned by the 18 counties on Tuesday with the ECB emboldened by receiving a £1bn valuation for a 10-team Hundred from accountancy agency Deloitte.The ECB have owned the entire eight Hundred groups for the reason that new format was launched 5 years in the past, however are prepared at hand over 51 per cent of every of the franchises to their constituent counties. The franchises would then have the choice to promote some or all of their 51 per cent stake to personal traders within the hope of rising the competitors and rising the sum of money obtainable for participant salaries. IPL groups and house owners of American sports activities franchises have already expressed curiosity in shopping for into Hundred groups, however is not going to submit formal gives till the brand new construction of the competitors is evident. The 18 counties will focus on a radical revamp of the Hundred on Tuesday, with plans to make it a 10-team competitors. PICTURED: Trent Rockets carry the trophy after profitable the event Sam Billings and the Oval Invincibles triumphed this 12 months after profitable the ultimate in August The switch of possession from the ECB and the potential of non-public funding might be authorized in time for the beginning of the 2025 season, though launching two extra groups is prone to have to attend till the beginning of the subsequent broadcast cycle in 2028. New Hundred groups within the south west and north east have been earmarked by the ECB and might be launched earlier than 2028 if present TV rights holders Sky Sports activities give their approval. The opportunity of switching from 100 balls to a T20 in some unspecified time in the future stays on the desk, however wouldn’t happen till after 2028.The ECB’s bold growth plans additionally embody proposals for the launch of a second division of the Hundred for the opposite eight counties, though they’ve but to verify whether or not promotion to the highest tier could be attainable. Underneath one proposal to be mentioned a single promotion spot might be provided by way of a play-off with the bottom-placed Hundred staff every season. The ECB have owned the entire eight Hundred groups for the reason that new format launched in 2018 The ECB had initially feared that the specter of relegation would deter potential investorsIn a system much like that utilized by Premiership Rugby nevertheless the staff going would additionally must show they meet sure minimal requirements, resembling having 10,000-capacity stadium for instance, so promotion wouldn’t be assured each season.The ECB had feared that the specter of relegation would deter traders, however Deloitte’s report is known to state that it will solely scale back the worth of the Hundred by round 10 per cent. Deloitte’s report concludes that the entire worth of 10-team competitors could be a minimum of £1bn, a major enhance on the £300m supply for 75 per cent of the Hundred from non-public fairness agency Bridgepoint which the ECB rejected final 12 months. The ECB’s willingness at hand over 51 per cent stakes to the franchises is critical, as IPL house owners are understood to be looking for a controlling curiosity.The counties will focus on the proposals in a collection of conferences beginning on Tuesday, however a remaining choice shouldn’t be anticipated till subsequent 12 months. Virat Kohli strikes a boundary within the IPL – who’re looking for a controlling curiosity within the HundredIn addition to gaining the backing of 12 of the 18 counties the proposals would have to be authorized by Sky Sports activities, who maintain broadcast rights for the Hundred till 2028 and are anticipated to increase their contract past that date. No modifications shall be made till 2025 on the earliest.The Hundred will proceed to happen in a three-week August window geared toward attracting household crowds and a bumper TV viewers. Regardless of the proposals to develop it’s understood that the county’s T20 Blast would stay in place earlier within the season, with its focus switching to attracting a social and get together viewers with video games performed totally on Thursday and Friday evenings.
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The Hundred is ready for a £1BILLION revamp as IPL and American franchise house owners search to purchase shares… with plans to develop the competitors to 10 groups with promotion and a second division