'Five IPL teams interested in buying stakes in London Spirit'

In a recent development, Mark Nicholas, the president of MCC and soon-to-be chairman of London Spirit, has disclosed that five IPL teams have shown a "soft" interest in acquiring a stake in the Lord's based team participating in The Hundred. Nicholas, who is also a well-known commentator and writer, made this revelation based on a letter sent by MCC CEO Guy Lavender to the members. The letter sought the approval of the members for the England and Wales Cricket Board's proposal to privatise 49 per cent stake in the Spirit. The remaining 51 per cent will stay with the franchise.