The ECB recruited advisors to sell shares in all eight teams

After announcing intentions to sell private investors shares in the eight teams later this year, the ECB intends to take its contentious Hundred tournament "to the next level." Deloitte and the Raine Group have been brought in to offer sales advice.

Glamorgan, Hampshire, Lancashire, Nottinghamshire, Surrey, Warwickshire, Yorkshire, and MCC are the eight host clubs. Each club will receive a fifty-one per cent stake in its team, which is free to sell or retain.

The first £275 million of the remaining amount, which will be divided between the 18 first-class counties and the MCC, will be sold by the ECB, leaving the remaining 49%, of which 10% would go to the recreational game.

The 11 non-host counties will split the next £150 million, and any money made after that will be divided into 19 equal parts. The tournament itself will continue to be owned by the ECB.

“We have identified this moment as the opportunity to take The Hundred to the next level while capitalising on the global interest of the competition to underpin the structure of the whole domestic game,” said ECB Director of operations Vikram Bannerjee.