Former England skipper Andrew Strauss in negotiations to acquire Hundred franchise

Former England cricket captain Andrew Strauss is discussing acquiring a Hundred franchise through his investment company, TTB Sport Capital. 

The firm, which Strauss joined last year, advises potential bidders from India, the US, and the UK and might also make a bid itself.

Strauss, who has held significant roles with the England and Wales Cricket Board (ECB), now serves as executive chairman and shareholder of TTB Sport Capital. The company also invests in sports such as padel and has connections with high-profile ventures like Angel City FC in the National Women’s Soccer League.

The ECB is set to auction off a 49% stake in each of the eight Hundred franchises, with plans to allocate the remaining 51% to counties. The auction will commence in September, aiming to raise around £400 million. 

While IPL franchises have shown interest, many are dissatisfied with the deal’s structure and hesitant to meet the £40 million to £80 million valuations for a minority stake. 

Among the IPL teams, Royal Challengers Bangalore and Mumbai Indians have expressed frustration, whereas Rajasthan Royals, Delhi Capitals, and Lucknow Super Giants are particularly enthusiastic.

The ECB also seeks investment from the US and hopes to achieve a balanced mix of new owners. Notable figures such as Manchester United’s Glazer family, Wrexham’s Ryan Reynolds, and Rob McElhenney have been approached. 

Representatives from Birmingham City were present at the opening games between Oval Invincibles and Birmingham Phoenix.

Strauss, a veteran of 100 Test matches and a former director of cricket, has strongly supported the Hundred, praising its role in modernizing the sport. Though its branding will remain unchanged, the competition may transition to a T20 format by 2029. 

Strauss and TTB Sport Capital have declined to comment on the ongoing negotiations.