On 30th April, ECB’s (England Cricket Board) much awaited and highly hyped endeavour – ‘The Hundred’, was postponed until 2021 amid the unforeseen circumstances of Covid-19 pandemic. The inaugural season of ‘The Hundred’, which included eight-team men’s and women’s tournament, was all set to get rolling in this year’s English Summer.
Meanwhile, as per a report in ‘The Telegraph’, the owners of IPL franchise Kolkata Knight Riders have shown their interest in buying a team in the ECB’s latest endeavour ‘The Hundred’, if ECB allows private investment in near future.
In the current policy, ECB has avoided and forbidden any kind of private investment in ‘The Hundred’. But, with the postponement of the league, the ECB is bound to suffer huge financial losses in this summer. The Covid-19 outbreak has not only washed out ‘The Hundred’ but also the entire English Summer and ECB is facing severe financial crisis in these challenging times. And all these losses can pave the way of Private investment.
Kolkata Knight Riders is a well-known brand in Indian Premier League, the owners of the team have always shown a great interest in buying Cricket teams in other global cricket leagues also. In 2015 also, they bought the Trinidad franchise in CPL.
In an interaction with ‘The Telegraph’, Venky Mysore, the chief executive of Knight Riders, pushed their case as a genuine global brand in cricket world. Venky also gave insights of what Knight Riders bring to the table in terms of making a Cricket League successful.
“We are perhaps the only genuine global brand in cricket and our strategy has always been to look at opportunities to invest in cricket globally. All leagues around the world understand the value that Knight Riders bring to any league and to that extent we will surely be keen to explore [investment opportunities]. I think leagues are also realising the value of having investors such as us who bring our brand, professional management, marketing ideas and huge fan base,” Venky Mysore said as quoted by The Telegraph.