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Knighthead Capital Management LLC, NFL legend Tom Brady's partner firm, has secured a stake in Birmingham Phoenix, a cricket team playing in The Hundred.

<p style="margin-top: 0px;" > The investment firm placed a winning bid of £82 million on the opening day of the ECB&apos;s sale of the eight Hundred franchises.</p><p>The £82 million represented 100% of Birmingham Phoenix&apos;s value, meaning that Knighthead will pay around £41 million for a 49% stake in Phoenix. The company Knighthead hasn&apos;t commented on the deal as of now. The English Cricket Board and the Warwickshire county are also yet to make a statement on the deal. </p><p>The seven-time Super Bowl winning quarterback&apos;s association would be much-needed support to this newest form of cricket. The sport, which has been trying to widen its global presence, will also reap intangible returns on the association.</p><p>Not so long ago, Brady <a href="https://m.dailyhunt.in/news/india/english/first+sportz-epaper-frstsptz/tom+brady+becomes+part+owner+in+birmingham+city+soccer+team+by+acquiring+the+teams+partial+stake+on+his+46th+birthday-newsid-n524819638" style="text-decoration:none; color:#036C8F;">had acquired minority stakes in another club</a> in the locality, the Birmingham FC. The soccer club, although suffered a huge drop after being relegated last season, <a href="https://m.dailyhunt.in/news/india/english/first+sportz-epaper-frstsptz/david+beckham+and+tom+brady+steal+headlines+as+legendary+duo+celebrate+birmingham+citys+goals+against+ryan+reynolds+wrexham-newsid-n631333608" style="text-decoration:none; color:#036C8F;">has maintained a strong fanbase</a> and an increase in viewership after the latest investments.</p><p>

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 <p lang="en" dir="ltr">NFL legend Tom Brady could soon turn up at Edgbaston after Knighthead Capital Management, the investment firm he is partnered with, bought a 49% stake in Hundred franchise Birmingham Phoenix for £41m<br><br>Full story: <a href="https://t.co/FcGzRzvb0b">https://t.co/FcGzRzvb0b</a> <a href="https://t.co/uGqXUGd9R8">pic.twitter.com/uGqXUGd9R8</a></p>— ESPNcricinfo (@ESPNcricinfo) 
 <a href="https://twitter.com/ESPNcricinfo/status/1885289830378025307?ref_src=twsrc%5Etfw">January 31, 2025</a>
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<p>The ECB used a sealed bid process to sell franchise stakes. Knighthead was declared the winner in a contest with only two shortlisted investors. Global fund manager CVC Capital was initially on the shortlist, but it is unclear if they submitted a bid. </p><p>The next step is to finalize the agreement within eight weeks following the ECB&apos;s auction, set to conclude on February 10. This will involve deciding whether to make the payment upfront or in installments over five years.</p><p><b><font>The Silicon Valley Consortium splurges on London Spirit </font></b></p><p>A consortium of Silicon Valley executives, including Alphabet CEO <strong>Sundar Pichai</strong>, Microsoft Chairman and CEO <strong>Satya Nadella</strong>, Adobe CEO <strong>Shantanu Narayen</strong>, Palo Alto CEO <strong>Nikesh Arora</strong>, and Silver Lake co-CEO <strong>Egon Durban</strong>, expressed interest in acquiring The Oval Invincibles.</p>London Spirit lifting the Hundred trophy in 2024 (Image via Open Source/X)<p>CVC Capital, which owns 2022 IPL winners Gujarat Titans, had also placed a bid on the Oval Invincibles. However, Reliance Industries Ltd. bagged the Surrey-based team for about £123 million. RIL placed the highest bid in a live virtual auction, a process set by the ECB, to decide the winner when more than two investors were shortlisted.</p><nh-chunk-delimit />

<head><link rel="icon" href="data:,"></head><script>var embedId = {jw: [],yt: [],dm: [],fb: []};function pauseVideos(vid) {var players = Object.keys(embedId);players.forEach(function(key) {var ids = embedId[key];switch (key) {case "jw":ids.forEach(function(id) {if (id != vid) {var player = jwplayer(id);if (player.getState() === "playing") {player.pause();}}});break;case "yt":ids.forEach(function(id) {if (id != vid) {id.pauseVideo();}});break;case "dm":ids.forEach(function(id) {if (id != vid && !id.paused) {id.pause();}});break;case "fb":ids.forEach(function(id) {if (id != vid) {id.pause();}});break;}});}</script><script src="https://www.youtube.com/iframe_api" async></script><script>var YTevent;function autoPlayYtVideo(player) {if(typeof NHCommand != "undefined" && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed()){player.playVideo();ytVideoAutoPlayed = true;}}var ytOnLoadFn=[];function onYouTubePlayerAPIReady(){ytOnLoadFn.forEach(function(name){window[name]();});}function onYTEmbedLoad(ytp){embedId.yt.push(ytp);ytp.addEventListener("onStateChange", function(event){if(event.data === YT.PlayerState.PLAYING)pauseVideos(ytp);});}</script><script>function pause(){pauseVideos()}</script><nh-chunk-delimit /><p>After missing out on Thursday, they aggressively pursued London Spirit, <a href="https://m.dailyhunt.in/news/india/english/first+sportz-epaper-frstsptz/mark+nicholas+reveals+soft+interest+from+five+ipl+franchises+to+buy+stakes+in+london+spirit+of+the+hundred-newsid-n618551891" style="text-decoration:none; color:#036C8F;">competing against LSG owner <strong>Sanjeev Goenka</strong></a>, Manchester United co-chairman <strong>Avram Glazer</strong>&apos;s Lancer Capital, and Cain International, led by Chelsea director <strong>Jonathan Goldstein</strong> and backed by club co-owner <strong>Todd Boehly</strong>. In the final stage, it was a head-to-head battle between RPSG and the Silicon Valley group, with the latter ultimately emerging victorious.</p><p>A knock-on effect is expected, as those who missed out can still bid for stakes in the remaining teams. Goenka, initially favored to secure London Spirit but finishing as runners-up, is now likely to shift focus to Manchester Originals. If that happens, the target price of £100 million for a 49% stake in the Originals could be exceeded when it goes to auction on Monday.</p><p>Meanwhile, Welsh Fire had significant delays due to the bidding war for a partnership with MCC. However, the deal was ultimately secured by tech entrepreneur <strong>Sanjay Govil</strong>, owner of Washington Freedom in the USA&apos;s Major League Cricket at £67.5 million, making it the lowest-priced of the four sold so far. The remaining four shall undergo sale in the coming week. </p><span><p><div id="gaBcg3dHZLU"><div id="div_gaBcg3dHZLU"></div><script>if(ytOnLoadFn.indexOf("ytgaBcg3dHZLU") == -1){ var p; function ytgaBcg3dHZLU(){p = new YT.Player("div_gaBcg3dHZLU", {height: document.getElementById("div_gaBcg3dHZLU").offsetWidth * (9/16),width: document.getElementById("div_gaBcg3dHZLU").offsetWidth,videoId: "gaBcg3dHZLU",events: {'onReady': onPlayerReady}, playerVars:{'playsinline': 1,'modestbranding':1,'0':0,'autoplay':1,'loop':1}});onYTEmbedLoad(p)}ytOnLoadFn.push("ytgaBcg3dHZLU");function onPlayerReady(event) {if(typeof NHCommand != 'undefined' && NHCommand.isAutoPlayAllowed && NHCommand.isAutoPlayAllowed() && !window.ytVideoAutoPlayed){ event.target.playVideo(); window.ytVideoAutoPlayed = true; }}}</script></div><script>if(NHCommand && NHCommand.getMainVideoId){document.getElementById(NHCommand.getMainVideoId()).style.display="none";}</script></p></span><p>(456 Articles Published)</p><p>Mohammed Bazim S is a sports enthusiast with a particular fondness for American football, Formula One, and Ice Hockey.. When he&apos;s not immersed in the world of sports, he enjoys delving into books or catching up on the latest TV shows. His inquisitive nature keeps him constantly exploring new ideas and learning about diverse subjects.</p>

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Tom Brady set to begin association with cricket courtesy of latest acquisition<br>#DH_SHARE_URL#<br><br>By First Sportz via Dailyhunt

Tom Brady set to begin association with cricket courtesy of latest acquisition

https://firstsportz.com/tom-brady-set-to-begin-association-with-cricket-courtesy-of-latest-acquisition