Lancashire has secured the IPL partner, they wanted to run Manchester Original as a joint venture, in which Sanjeev Goenka’s RPSG Group on Monday presented the highest bid for the share of hundred franchisees.

The RPSG Group, who owns the Lucknow Super Giants, was the bidder for a three-hour auction for a share in the London Spirit on Friday, which was eventually seen by a Silicon Valley Tech Consortium in £ 295 million by a Silicon Valley Tech Consortium. Was. But the RPSG group has now won a stake, above the manchester-based hundred above £ 100m, which is considered around £ 116m.

Both sides will now enter the eight -week period of uniqueness in which they will discuss the exact conditions of the deal. Lancashire has suggested to the first members that they are open to discuss some of their 51% stake in the original. If the price is so high that it is capable of paying them a significant ratio of their bank loan Makes.

The club refused to confirm on Monday night whether the RPSG group is buying anything more than the ECB’s 49% stake in the original, although ESPNCRICINFO understands that Lancashire told potential investors that they have 70% in total during the talks. Was ready to participate with shares. Earlier in the sale process.

Lancashire confirmed the news in a statement on Monday afternoon. The club said, “We are very focused on acquiring a great partner – ideally from IPL – and RPSG has been our favorite bid for some time.”

“We are happy with the result and are ready to work together to create an exciting future. Together, we have a shared ambition to create a very special cricket team for the people of Manchester and the broad northwest region. . “

Espncricinfo first revealed last August that RPSG group officials visited Emirates Old Trafford, in which Lancashire Chief Executive Officer Daniel Gidney clarified the desire to work with an IPL franchise in an interview. Lancashire’s initial shortlist also included Reliance Industries Limited (RIL), the owner of Mumbai Indians, who was out of the dialect for the original after gaining a stake in the Oval Invinesables last week.

Lancashire has actively developed its profile in India with a deliberate strategy in recent years, including men and women pre-seasons and Indian International Shreyas Iyer, Washington Sundar and Venkatesh Iyer as foreign players Has been included. He is set to return to India as part of a pre-seizure tour next month.

Goenka, president and founder of the business Congress Congress Group, paid INR 7090 crore (almost £ 680m) to buy the Lucknow IPL franchise in 2021. He bought the Durban franchise in the SA20 the following year, and was owned by Pune Super Zments first. RPSG 2016 and 2017 were included in the IPL season, while Chennai Super Kings and Rajasthan Royals were suspended.

Lancashire will organize a stage of members on next Wednesday. The club said, “The major goods on the agenda will include a detail of our partnership with the RPSG group, the estimated financial results for Lancashire cricket and the possible use of money generated.” “Investment is subject to the final reasons for the satisfactory conclusion of diligence and legal processes and another announcement will be made in the appointed time.”

The deal makes the RPSG group a second IPL owners to buy a stake in a hundred teams, after Reliance. Sun Group, the owner of Sunrisers Hyderabad, is interested in both the Northern Supercharger and Trent Rocket, while the co-owner of Delhi Capital GMR Group is expected to secure the stake in the southern brave, which has been purchased. Last year outright.

Sales procedures for superchargers and rockets were initially prescribed for Monday, but it is believed that there was a delay in a short time, considering considering some lost bidders running for another team from previous sales. Was done. The sale of a stake in Bahadur will score the process.