SRH Owner Sun Group Buys 100% Stake Of Northern Superchargers In The Hundred

Sun Group, who owns the Sunrisers Hyderabad franchise in IPL, have acquired a 100% stake in Northern Superchargers in The Hundred. This makes them the third IPL franchise to do so after Mumbai Indians and Lucknow Super Giants.

The Sun Group will acquire its third T20 franchise team, the Northern Superchargers. They already own Sunrisers Hyderabad in the Indian Premier League, having purchased the franchise in 2012.

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Sunrisers Hyderabad won the IPL title in 2016 and ended as runners-up in 2024. Sun Group also added Sunrisers Eastern Cape to its portfolio, which won the first two editions of the SA20.

According to ESPNCricinfo, the Sun Group has accepted an opportunity to acquire a 100% share in Superchargers. It holds a 49% interest in the ECB and a 51% stake in the host county Yorkshire.

Sun Group buys 100% stake in Northern Superchargers

The Superchargers were also the first team to be completely sold. It should be emphasized that the host counties retained a portion of the proceeds from the first five franchise sales. Superchargers were reportedly valued at £100 million.

There were two additional parties interested in purchasing the squad. Yorkshire will keep 80% of the proceeds from the sale of its 51% interest. It will net the club a profit of £40 million. Sun Group and Yorkshire must finalize the agreement within eight weeks of the Hundred sale.

Sanjay Patel, CEO of Yorkshire, expressed his joy and welcomed Sun Group to the Northern Superchargers. Patel asserted that the group respects the club's ideals and hopes to achieve tremendous success in the future.

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"We are delighted to be entering into an exclusivity period with the Sun Group, and will be continuing our conversations with them in the coming weeks to set the Northern Superchargers up for long-term and sustained success," Sanjay Patel stated.

"Today is clearly a huge milestone for Yorkshire CCC, the Northern Superchargers, and the Sun Group, but it is worth stressing that there is a lot of detail to be discussed alongside further due diligence and legal processes before a contract can be signed," he added.

The Sun Group is owned by Kalanithi Maran, its chairman and founder, and is one of India's leading media companies. He successfully bid for Sunrisers Hyderabad after the BCCI dissolved the ownership contract of the previous Hyderabad-based team, Deccan Chargers.

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