IPL Lucknow owners agree deal for Manchester Originals
London, Feb. 4 -- Manchester Originals have become the second Hundred franchise to partner with an Indian Premier League team after Lancashire agreed a deal with Lucknow Super Giants, media reports said.
RPSG group, owners of the Super Giants, put a total value of £116m on the Originals in Monday's virtual auction, the BBC reported.
They agreed to take a 70% share in the Originals, meaning Lancashire have become the first host to hand over a controlling stake.
To go with the four deals last week, the sale of shares in five Hundred teams comes to about £366m, the report said.
RPSG were in the running to buy a stake in London Spirit, only to lose out. In investing in the Originals, they are believed to have beaten off bids connected...
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