Investor group led by Arora proposes over $1 billion for London Hundred franchise
Arora has gathered a pool of backers ready to bid more than $1 billion for the London team in cricket’s Hundred competition.
The entrepreneur Arora, who previously headed the consortium that bought the most valuable Hundred franchise, has now assembled a new group of investors. This consortium intends to submit an offer exceeding $1 billion (£740 million) for the London side, one of the league’s most coveted clubs. The bid reflects the growing commercial appeal of the relatively new Twenty-20 style tournament.
Why it matters
A billion-dollar bid highlights the rising market value of cricket franchises and could reshape investment in the sport.
In this story
AroraconsortiumHundredLondon franchisebillion-dollar offercricket investmentsports business