A consortium of mysterious billionaires, including the CEO of Microsoft, recently sealed a deal worth a reported £145 million (approximately $180 million) to acquire a 49% stake in The Hundred’s London Spirit team. This move signifies a significant investment in the growth of cricket, with notable figures like the Microsoft CEO demonstrating a keen interest in the sport. This isn’t the first time key players in the tech industry have poured funds into cricket; the CEO of Google and the CEO of Adobe are among those who have previously invested in Major League Cricket and are actively involved in fostering the sport’s development in the US. Additionally, India’s Ambani family, led by Mukesh Ambani of Reliance Industries, has acquired a substantial stake in the Oval Invincibles team, further expanding their cricket portfolio. Evidently, these tech moguls are not only passionate about cricket but are also dedicated to elevating the sport on a global scale.
Black’s. Silver Lake increased its stake in NZR Commercial from 5.71% to 7.5% in 2023. NFL legend Tom Brady, Nic Antaya/NFL/Getty, outside tech execs and billionaires, Tom Brady-backed investment firm Knighthead Capital Management was announced this week as the preferred private investor for a minority stake in another Hundred team, the Birmingham Phoenix. Subject to the deal’s completion, Knighthead will acquire a 49% stake in the team, at a reported value of £40 million (almost $50 million). The former New England Patriots and Tampa Bay Buccaneers quarterback entered into a partnership with the company in 2023 to become a minority owner of Birmingham City Football Club. Read the original article on Business Insider.
