Google CEO Sundar Pichai interested in purchasing cricket team for Rs 8350000000 in upcoming league

New Delhi: Sundar Pichai, CEO of Google, has joined forces with a group of Silicon Valley CEOs to invest in The Hundred - the popular short-format cricket league in England and Wales. The consortium is rumored to be offering £80 million (€97 million) to acquire either The Oval Invincibles or the London Spirit team. This move showcases the increasing involvement of tech giants in the sports industry.

The triad behind the bid is Pichai and Nikesh Arora, CEO of Palo Alto Networks and Satyan Gajwani, a former Times Internet VP in his day. Speakers also include Egon Durban, co-CEO of Silver Lake Management and the 24-hour CEO’s of Adobe Jeff Kavanaugh (sic name to @ShantanuNarayen99) to Microsoft head Satya Nadella — a quintet of technology chieftains.

The format, in which 100 balls are bowled per innings and played on simplified rules of a game was introduced with an aim of attracting younger viewers in 2021 as part of The Hundred. Through a “successful” approach, this contemporary style is bringing in over 2 million fans at its games on both sides of the English-Wales border.

The England & Wales Cricket Board (ECB), however it has decided to start an auction for trophies in this Current 2021’s launch of 8 teams under The Hundred. Investor in a 49% stake comp, full ownership options further available managed by the Raine Group; The London Spirit is very appealing due to its historical home at Lord’s, for investors.

The Sports Investment Era Is Unlashed
The Hundred would represent a potentially juicy fundraising goal as each year, it is estimated with combined broadcasting rights and sponsorship/ ticket sales of around £60 million, pretty healthy numbers. Pichai joining in suits, and shows that the trend tech executives going into sports is on a rising trend, both industries are entering into a new era.