The investment of £ 520 million one hundred of the auction acclaimed as 'seminal moment' in sport, since the financing of the ECB's claim will protect the Cricket 'for generations'

The ECB believes that the £ 520 million generated by the auction of one hundred, will protect the Cricket 'for the coming generations'.

Investors have poured huge sums, which value franchises in total with more than £ 975 million, in the game in exchange for bets in eight teams based in the city that have existed during only four seasons.

An exclusivity period is now being carried out during which the terms will be completed, with four separated Indian Premier League owners investing in teams.

“In recent days, we have reached a seminal moment for Crickt in England and Wales,” said Richard Thompson, president of the ECB.

'Four years after the one hundred were launched, we have now entered the final discussions with eight strategic partners, each ready to invest in the eight teams of the competition and help us take the English and Welsh competition and Cricket to a new level to a new level , for the benefit of our entire game.

ECB bosses also trust that the success and global interest in the auction mean that competition will probably expand in the coming years.

The ECB has acclaimed the £ 520 million generated by the auction of one hundred as a “seminal moment”

The head of the ECB, Richard Thompson, insisted that it was “for the benefit of our entire game”

“The expansion is a good signal if it happens,” said Vikram Banerjee, director of Commercial Operations of the ECB. 'So we would be delighted if I do. We still have a lot of hard work now. But if the tournament grows, and the Cricket grows throughout the country, then it will be almost obvious to us, “he added.

And the ECB minimized the suggestions that the competition would become a T20 once the current television agreement expires in 2028.

“At this time, we have not had a lot of clamor for changing the format,” said Banerjee, while the ECB also denied that the games were previously organized to attract the Indian market.