'Seminal moment' - stakes sold in six Hundred teams

The landscape of English cricket has entered a significant new era with the confirmation that private investors have acquired stakes in six of The Hundred’s eight teams. This monumental development marks a pivotal shift in the league's financial model, ushering in a future where external capital plays a direct role in the operation and growth of its city-based franchises. While specific details regarding the investors and the valuation remain under wraps, the announcement signals a robust belief in the commercial viability and long-term potential of the competition, which has rapidly established itself as a cornerstone of the domestic summer schedule. The remaining two teams, Oval Invincibles and Trent Rockets, are reportedly "on track" for similar investment deals, indicating a full transition to a hybrid ownership structure across the entire league.