Lancashire have secured the IPL partner they wanted for Manchester Originals, with Sanjiv Goenka’s RPSG Group – owners of Lucknow Super Giants – winning the bidding process at a 100% valuation of around £116m
In a statement the club said
“We have been very focused on securing a great partner – ideally from the IPL – and RPSG has been our preferred bidder for some time. We are delighted by the outcome and look forward to working together to create an exciting future. Together, we have a shared ambition to create a very special cricket team for the people of Manchester and the wider North West region.”
The Club will now enter into a period of exclusivity with The RPSG Group in order to finalise the investment.
Lucknow Super Giants narrowly missed out on buying a stake in Lords-based London Spirit on Friday
