The Chennai-based Sun TV Network has officially made its foray into the UK sports arena with its board approving the 100 percent equity acquisition of Northern Superchargers, a franchise competing in The Hundred, which is England and Wales Cricket Board (ECB)’s flagship 100-ball tournament, according to a report in The Economic Times.
The acquisition, valued at £100.5 million (approximately Rs.1,080 crore), was approved during the company’s board meeting held on July 18. (https://economictimes.indiatimes.com/industry/media/entertainment/media/sun-tv-board-approves-100-5-million-acquisition-of-the-hundreds-northern-superchargers/articleshow/122813618.cms?from=mdr)
With this deal, Northern Superchargers Limited will become a wholly owned subsidiary of Sun TV, expanding the broadcaster’s footprint in global cricket. The move marks a major international push for the network, which already owns two successful cricket franchises — Sunrisers Hyderabad in the Indian Premier League (IPL) and Sunrisers Eastern Cape in South Africa’s SA20 League.
According to the ET report, the transaction is expected to be completed by December 31, 2025, and will be carried out through authorised banking channels under the Reserve Bank of India’s automatic route for overseas acquisitions.
“We are enhancing our global footprint in sports and are investing in a club that is part of The Hundred, a limited-overs cricket league promoted by the England and Wales Cricket Board, the equivalent of the BCCI in the UK,” said R. Ravi, Company Secretary and Compliance Officer, in a regulatory filing.
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