Manchester Originals become the second Hundred franchise to partner with an Indian Premier League team after Lancashire agree a deal with Lucknow Super Giants.

Sanjiv Goenka, the Kolkata-based business tycoon and owner of Lucknow Super Giants and Durban Super Giants, has acquired the Manchester Originals franchise in The Hundred tournament. As per Cricbuzz, the deal was finalized at a price just over £100 million, £107 million to be precise.

According to reports, LSG owner Sanjiv Goenka is also in talks to buy further stakes in the team from Lancashire which currently holds the remaining 51%.

The RPSG Group secured a 49 per cent stake in the Manchester-based franchise with the highest bid, reportedly worth £116 million.

Sanjiv Goenka's RPSG Group already owns Lucknow Super Giants in the Indian Premier League and Durban Super Giants in the SA20. The Group has now secured stakes in Hundred franchise Manchester Originals.

RPSG Group, owned by Sanjiv Goenka and IPL franchise Lucknow Super Giants' owner, is set to acquire a 70% stake in Manchester Originals for £107 million. This move follows RPSG's recent unsuccessful bid for London Spirit and marks an expansion for RPSG in English cricket.

Lancashire have secured the IPL partner they wanted to run Manchester Originals as a joint venture, with Sanjiv Goenka's RPSG Group submitting the highest bid for a stake in the Hundred franchise on Monday.

The RP-Sanjiv Goenka Group has acquired a 70 percent stake in the Manchester Originals cricket franchise for approximately 75 million pounds. This transaction marks the first time a majority stake has been bought in a Hundred franchise.

As per reports, Sanjiv Goenka, the owner of Lucknow Super Giants, has acquired Manchester Originals in The Hundred.