Marylebone cricket club
Image Source: IANS
MCC Members To Vote On The Club’s Involvement In The Hundred
The Marylebone Cricket Club: The Marylebone Cricket Club (MCC) has announced that it will hold a special general meeting (SGM) in September, allowing its members to vote on the club's increased involvement in The Hundred. This decision comes as MCC plans to accept the England and Wales Cricket Board's (ECB) proposed gift of 51% of the shares in the London Spirit team, thereby retaining its position as the majority shareholder.
However, the MCC leadership has emphasized the importance of member approval before moving forward.
On May 30, the ECB confirmed its intention to attract private investment for The Hundred's eight teams and appointed the Raine Group and Deloitte as advisors. Under the proposed model, the eight 'hosts' – comprising seven counties and the MCC – will be given majority stakes in their respective teams, with the ECB selling the remaining 49% to private investors. This model aims to infuse fresh capital into the competition and enhance its growth prospects.
Advertisement
Related Cricket News on Marylebone cricket club
Cricket Special Today
-
- 06 Feb 2021 04:31
