Sanjiv Goenka’s RPSG Group Acquires Stake in The Hundred Franchise

Sanjiv Goenka’s RPSG Group has made a significant move in the world of cricket by acquiring a 49% stake in a franchise participating in The Hundred cricket tournament. This acquisition comes after the group previously lost its ownership of the London Spirit franchise. The transaction highlights the RPSG Group’s ongoing efforts to strengthen its presence in the cricketing world.

The RPSG Group, which also owns the Lucknow Super Giants in the Indian Premier League, was initially competing to regain its stake in the London Spirit. However, after a competitive three-hour auction process on Friday, the group was not successful in securing any part of the London Spirit franchise. Instead, it focused on securing a stake in another franchise within The Hundred.

The decision to invest in the new franchise underlines the RPSG Group’s strategy to diversify its investment in cricket tournaments outside India. The move aligns with their broader business strategy of expanding their portfolio and leveraging opportunities within international cricket tournaments.

The Hundred is a professional franchise 100-ball cricket tournament launched by the England and Wales Cricket Board (ECB), featuring eight teams from major cities across England and Wales. The tournament adds a unique format to the cricket calendar and draws interest from cricket fans globally due to its fast-paced and innovative approach.

The details of this investment, confirmed as of February 3, 2025, invoke excitement and anticipation regarding the potential impact of the RPSG Group’s involvement in The Hundred tournament. As the tournament gains popularity, the franchise’s valuation and brand presence see promising growth prospects.

This strategic investment by the RPSG Group reinforces its commitment to expanding its footprint in the sports industry and showcases its ability to adapt and pivot in the face of setbacks, such as the loss of London Spirit ownership. Cricket enthusiasts and stakeholders are keeping a keen eye on the developments that this acquisition will bring to The Hundred.