Lalit Modi has warned potential investors, particularly from India, against being misled by the England and Wales Cricket Board’s (ECB) projections about The Hundred.
Modi, the former IPL chairman, criticized the ECB’s efforts to build hype around the tournament, calling it “not worthwhile” as presented. The ECB is looking to privatize The Hundred, selling nearly 100% stakes in its eight teams.
Several IPL franchise owners, including Mumbai Indians, Kolkata Knight Riders, and Chennai Super Kings, are reportedly interested in buying stakes in the 100-ball tournament.
However, Modi questioned the ECB’s revenue forecasts, particularly for international media rights, stating, “International rights are worth zero… If you look at all the leagues, none of them make revenue from overseas markets.”
He also criticized the team’s valuation, with the ECB reportedly seeking around £300 million per team. Modi called this an overvaluation, noting that IPL franchises were paid for over ten years, whereas the ECB demands the entire payment upfront.
Modi labeled the ECB’s privatization effort a “Ponzi scheme” on social media, warning IPL owners not to fall for the hype.
When contacted, the ECB declined to comment on Modi’s assessment or the revenue projections.