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The England and Wales Cricket Board (ECB) are reportedly looking for potential investors for The Hundred, including the franchises of the Indian Premier League (IPL), to sign a Non-Disclosure Agreement (NDA). Only then, the ECB will be providing the information about The Hundred, including the finances associated with it, to the IPL franchises, in their bid to privatise the league.
Notably, as per the report from Cricbuzz, Raine Group and Deloitte are working on behalf of the ECB, discussing the potential of investing with the IPL franchises in The Hundred. They are requiring the IPL franchises to sign a Non-Disclosure Agreement (NDA) before giving them the Information Memorandum (IM) about The Hundred, which has details about the seller’s property, focused on financial matters.
But, at the same time, it is important to note that the IPL franchises haven’t been required to sign an NDA with the BCCI during the course of the league since 2008. The spokesperson of ECB said to Cricbuzz about the matter, “It's a standard practice to require NDAs, given that the IM includes financial information.”
NDA is all right, you can do all that: Sanjiv Goenka, LSG owner
Sanjiv Goenka, the owner of Lucknow Super Giants in the IPL, was quoted as saying about the matter, “NDA is all right, you can do all that. But at the end of the day, how serious you are depends upon what the terms and conditions are. So you are in it for what?”
“You are in it for your value to go out. You are in it for the love of the sport. You are in it to play a small role in developing the sport. And if you do not, if you cannot control that, or if you cannot guide that, then is there a purpose? I think it's a question we need to ask ourselves. If you can, then, of course, it's a different story,” he added.
