lalit modi
Image Source: AFP
IPL's Lalit Modi Blasts Cricket's Hundred As 'Big Fat Ponzi Scheme'
Indian Premier League founder Lalit Modi has labelled the Hundred competition a "big fat Ponzi scheme", accusing English cricket chiefs of unrealistic financial projections.The England and Wales Cricket Board (ECB) is seeking private investment in the 100-ball-per-side competition, which was launched in 2021.
The Hundred, which involves men's and women's teams, has been controversial as it is not mapped onto the traditional county structure, but authorities say it brings much-needed TV revenue into the sport.
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