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Yorkshire have become the first team to sell their entire stake in a Hundred team.<\/b><\/p>\n
The Sun Group, owners of Indian Premier League side Sunrisers Hyderabad, have paid just over \u00a3100m for a 100% stake in Northern Superchargers, who are based at Yorkshire’s home Headingley.<\/p>\n
Superchargers are the sixth team to secure the investment, with the Sun Group the first to take full ownership of a franchise.<\/p>\n
Last week Surrey negotiated a \u00a360m price with the owners of Mumbai Indians for a 49% stake in the Oval Invincibles, while keeping the 51% given to them by the England and Wales Cricket Board (ECB).<\/p>\n
Warwickshire agreed a 49% sale of Birmingham Phoenix to Birmingham City owners Knighthead Capital for \u00a340m and Glamorgan sold the same stake in Welsh Fire to IT entrepreneur Sanjay Govil for \u00a340m.<\/p>\n
A price of \u00a3145m for 49% of Lord’s-based London Spirit was agreed between MCC and a Silicon Valley consortium led by Nikesh Arora, while Lancashire became the first county to sell part of their share when agreeing a deal for 70% of the Originals with the owners of Lucknow Super Giants for around \u00a381m.<\/p>\n
Nottinghamshire are also set to sell a 49% stake in Trent Rockets.<\/p>\n
Billionaire Greek shipping magnate Evangelos Marinakis, who owns Nottingham Forest, was linked with a bid for the Rockets last year.<\/p>\n
However, a source close to the deal said Marinakis did not follow up on his initial interest in the Trent Bridge-based franchise.<\/p>\n
Nottinghamshire have not publicly courted bids from the IPL, but at least one unnamed team are said to be interested.<\/p>\n
The six sales so far come to a total of around \u00a3466m, the majority of which will be split among the 18 first-class counties, Marylebone Cricket Club (MCC) and recreational game.<\/p>\n
It means value of the six teams in their entirety comes to around \u00a3740m.<\/p>\n
Yorkshire’s sale comes after chair Colin Graves said the club, which is owned by members, must become a private structure in order to survive a financial crisis. <\/p>\n
It owes almost \u00a315m to the Graves family trust. <\/p>\n
All deals now enter an eight-week exclusivity period in order to finalise the partnerships.<\/p>\n<\/div>\n