New Delhi: The England and Wales Cricket Board (ECB) continue to make windfall gains after the third and fourth round of sales of The Hundred franchise. In the recent development, the Silicon Valley tech consortium from the United States bagged the rights for the London Spirits cricket team for a lucrative sum of £144.55m for a stake of 49% in the franchise.

According to multiple news reports, the London Spirits was valued at £295m after the consortium – led by Nikesh Arora (CEO of Palo Alto Networks) – grappled in an intense bidding war with Glazers family (co-owners of Manchester United FC), Todd Boehly (shareholder of Chelsea), and RPSG group (owners of IPL team Lucknow Super Giants). As per........

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