Who owns the teams competing in The Hundred?
- Published
All of the eight franchises in The Hundred have sold ownership stakes ahead of the sixth season of the competition.
Four teams are owned by companies with stakes in Indian Premier League (IPL) sides, while the other four are supported by American investment.
Investors took operational control from October 2025 and made a number of changes to their franchises, updating team names, logos, kits and players.
Oval Invincibles have been renamed MI London, Manchester Originals changed to Manchester Super Giants, and Northern Superchargers updated to Sunrisers Leeds.
Teams keep 80% of the revenue raised from selling its own stake, with 10% going to the recreational game and the rest shared among the other counties.
This is who owns each franchise:
Birmingham Phoenix are part-owned by American investment group Knighthead Capital Management, who own Birmingham City. The group purchased a 49% stake for £48m, while Warwickshire retained 51% ownership
London Spirit also have an American-based minority shareholder in Tech Titans (49%), who paid £145m for their share in the capital franchise. Marylebone Cricket Club own the majority stake
Indian company RPSG Group purchased 70% of Manchester Super Giants for £81m, while Lancashire own the other 30%. RPSG's portfolio of investments include IPL side Lucknow Super Giants and Durban's Super Giants in the SA20
Sunrisers Leeds were sold in its entirety to the group behind IPL side Sunrisers Hyderabad and Sunrisers Eastern Cape in South Africa. The Sun Group paid £100m to buy the Headingley-based club
MI London are owned by the Indian multi-billionaire Ambani family. Their company, Reliance Industries Limited, also own Mumbai Indians and completed a 49% purchase in December 2025, while Surrey hold the majority
GMR Group, who also own IPL outfit Delhi Capitals and Hampshire, bought a 49% stake in Southern Brave for £48m
Chelsea co-owner Todd Boehly's company Cain International agreed a 49% share of Trent Rockets in October 2025 for £38.7m. Nottinghamshire retain control of the other 51%
Welsh Fire sold their 50% stake to Indian-American businessman Sanjay Goval. His group already own Major League Cricket Washington Freedom. Glamorgan own the other half
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Why were the teams sold?
The new Manchester Super Giants logo
The England and Wales Cricket Board (ECB) chair Richard Thompson says the franchises were sold to "fuel the competition's growth".
The £500m generated via the sales will also be shared among the professional counties, with at least £50m going to grassroots cricket.
The ECB still retains ownership of The Hundred and control of the regulations and playing window.
A new board will be established, featuring representatives from the ECB and the competing teams, and will decide the strategic direction and commercial growth of the tournament.
Speaking about the new owners, Thompson said: "We're entering an exciting new phase and a seminal moment for cricket in England and Wales.
"We've got people who have never invested in cricket.
"Todd Boehly and Cain, they're big investors in football, you've got the Washington outfit that have invested in Edgbaston - they see the opportunity in here.
"We don't have a domestic competition that generates anything like the income that a rugby or a football does," he added.
"There needed to be a rebalancing where we could generate an income from the halo of Test cricket, but underneath it, you need a thriving domestic competition."
This article is the latest from BBC Sport's Ask Me Anything team.
