India, Feb. 3 -- Sanjiv Goenka, the owner of Lucknow Super Giants (LSG) in the Indian Premier League (IPL) and the head of RPSG Group, has acquired the Manchester Originals franchise in The Hundred. According to Cricbuzz, Goenka outbid other opponents, including an IPL team.

For the uninitiated, Manchester Originals is led by Phil Salt in the premier competition organised by the England and Wales Cricket Board (ECB).

The acquisition's value is estimated to be around GBP 107 million. This amount is half of London Spirit's enterprise valuation, which was earlier sold to a consortium of US-based tech billionaires for 195 million GBP.

According to Cricbuzz, Goenka also strongly pursued a London-based franchise, but he gave up in the end. ...