IPL 2025; KKR, CSK have done a huge damage to the future of the percentage
Kolkata Knight Riders (KKR) and Chennai Super Kings (CSK) have been excluded from hundreds of teams in a major blow to the England and Wales Cricket Board (ECB). The decision was taken by the franchisees as they were not convinced by the percentage revenue models.
Given the success of the Indian Premier League, the England Cricket Board was planning to sell off a hundred teams and make it a franchise-based league.. However, no. IPL franchises have declined to buy teams due to an unattractive business model. KKR and CSK are the latest teams to join the list.
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KKR, CSK has done a huge damage to the future of the percentage
While CSK and KKR are still in the running, they are unlikely to actively participate in the proceedings. According to Cricbuzz, some IPL sources are unsure of the league’s business model. The main concern for the investors is the projection of the media rights shared by the ECB.
The forecast of a percentage value of around GBP 34 million per annum in the next distribution cycle 2029-32 is considered unrealistic and unlikely.. It is about 16 times the current price.
The CSK franchise is considering pulling out of the tournament. Meanwhile, KKR does not see it as a viable business idea. “The concerns are being addressed but they don’t seem to be bothered about buying a team,” the source said.
IPL franchises are not interested in the hundred.
Three IPL franchises – Gujarat Titans, Royal Challengers Bengaluru and Punjab Kings have shown no interest in buying a team from The Hundred since its inception and did not participate in the bidding process.
The ECB had earlier intended to raise around a billion pounds from the sale of the groups. The third round of negotiations is currently underway and it remains to be seen how far the board can go..
What is the process for finding a team?
The ECB also wants a sale process that keeps interested parties in the race until the end. Three or four investors are nominated for each group. Then the highest bidder wins ownership of the team and goes to a sealed cover auction.
The others will be left to compete for other teams. The plan currently is to sell one group at a time.. “Once the winning bidder is selected, they will enter into exclusive negotiations before the deal is finalized. The deal could be finalized in March-May,” said ECB.
According to the reports, Mumbai Indians are currently linked with one of the two London based teams – London Spirit and Oval Invincible. Lucknow Supergiants are also believed to be chasing the London side. However, the ECB is not interested in selling the London team to IPL owners.
The eight hundred teams are Birmingham Phoenix, London Spirit, Manchester Originals, Northern Superchargers, Oval Invincibles, Southern Braves, Trent Rockets and Welsh Fire. Hundreds The next edition of the tournament may have new owners for the teams being led by the eight provinces..
