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IPL Franchise Owners May Get To Rename Hundred Teams Despite Buying Minority Stake: Report
Wales Cricket Board: With the England and Wales Cricket Board (ECB) set to sell stakes in the eight Hundred teams in September, the Indian Premier League (IPL) franchise owners may be allowed to rename the sides despite them buying a minority stake.
According to a report in The Guardian, the ECB’s eagerness to attract Indian money is such that even a minority investment will give the new owners huge influence, especially with all ten IPL owners expected to bid for buying stakes in the eight sides.
“All the IPL owners are saying they will bid, but they will want some control for their cash. It’s essentially a big brand play for the IPL so we expect them to push for name changes, which will depend on the amount they have invested,” a source involved in the sale process was quoted as saying in the report.
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