India’s richest family has won a milestone agreement to buy 49% of the shares in the Oval Invinsipple in a contract to combine the London -based team with the rights of the Mumbai Indians of the Indian Premier League.
The Ambani family and Ambani’s family can be exclusively revealed exclusively on the Ambani family and Ambani’s family on Friday, estimated to be a winning three -way auction conducted by the England and Wales Cricket Board (ECP) on Friday.
The price of Ambanis agreed to pay the ECP shares is unclear, although it will set an important criterion to sell the shares of ECP in the seven teams that will be held next week.
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The owners of Mumbai Indians won after contesting against a group of technical billionaires, including Google and Microsoft bosses.
CVC Capital Partners, a private equity company, who was a numerous investor from Formula One to Volleyball, was planned to participate in the auction.
Until next week, the unidentified effect will see Ambanis emerging among the most powerful shareholders in English cricket.
The men’s team of the Oval Invocibls, which has UK international corporations such as Sam Curranal Captain and Cass Atkinson, is expected to get the second highest price of any team behind the Lord’s -based London Spirit, which will be sold on Friday.
The Technical Billionaire Federation will also participate in that process.
Auctioneers with at least three participants can submit binding offers at a 15 -minute interval, and at least M 3 million in M.
Next to the Birmingham Phoenix constituency, its auction is scheduled for Thursday afternoon.
Losing auctioneers in each right may be given the opportunity to participate in the rest of the process, although the dynamics of such a situation are not clear on Wednesday.
A vehicle controlled by other biders for London Spirit, a partner in the Chelsea Football Club; Members of the Manchester United-Rights Class Class Family; And RBSG Group, owner of Lucknow Super Giants of the Indian Premier League team.
For owners who have only two listed auctioneers, auctions include directly sealed auction firing.
The London Spirit ownership is expected to be valued at more than 140 million, ie, the income obtained and distributed by the ECP will be at least M 70 million.
Overall, the ECP has indicated that eight teams may be worth $ 350 million in the region, although there are hopes that the number will be violated.
Income will be distributed between hosts, non -host districts and grassroots games.
Host districts are allowed to sell their 51% stake, although some have said they do not want to do so.
The MCC, which controls the London Spirit ownership, does not want to offer any stock at this stage, says cricketers.
Investors are allowed to hold only one share of one of the eight teams, including Welsh Fire, South Brave and Northern Superchars.
A larger fall than expected from this process may provide funds for many cashless districts, and a portion of income may be used to pay off debt.
However, there have been concerns that the declines from one hundred auction will not provide a meaningful progress in the long -term financial stability of the districts.
The effect of a hundred auction may intensify other search questions about cricket, as the game’s test form struggles for international business fit against the short -length competition.
In recent years, Bankers have been auctioned by bankers in the same company, Rain Group, which has oversee the selling of large stocks in both Manchester United and Chelsea.
The ECP refused to comment on Thursday, while the Oval Invinsiples could not comment on participants.
