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The Guardian
14 hours ago
- Business
- The Guardian
Deals for six Hundred franchises completed with £520m windfall expected
The ECB has announced that deals for six of the eight Hundred franchises have been completed, with a total windfall of £520m expected once paperwork for the final two teams is finalised later this year. The sales process was completed in February, when eight parties entered into an exclusivity period having agreed deals which valued the teams at a combined £975m. Work has been ongoing to formalise the sales over the last five months, with the process described as being 'in the final straight' as long ago as April, with signatures at that point expected 'very, very soon'. But the complexity of the legal arrangements – one county executive said 73 different contracts had to be agreed and signed off before the sale of a minority stake in their one franchise could be completed – and the new investors' desire to have as much control as possible over the competition's future combined to delay the announcement. The completed deals involve the purchase of 49% stakes in Birmingham Phoenix, Southern Brave and the Lord's-based London Spirit, a 50% stake in Welsh Fire, 70% in Manchester Originals and the complete takeover of Northern Superchargers by India's Sun TV network. Oval Invincibles and Trent Rockets remain in the process of finalising deals for 49% stakes, which are expected to conclude by the end of September. Proceeds are to be shared between professional counties and the grassroots game. 'This investment will not only fuel the competition's growth but also channel transformative levels of funding into our professional counties and grassroots game,' said Richard Thompson, the ECB chair. 'This will ensure cricket continues to thrive at all levels across England and Wales for generations to come, supporting our broader ambitions to become the country's most inclusive sport and driving cricket into harder to reach and under-served communities.' The ECB retains ownership of the competition itself, its regulations and the length and timing of the window in which it is played. But the investors will hold various vetos, including over its potential future expansion, and alongside the ECB and host counties will be represented on a new Hundred board. Sign up to The Spin Subscribe to our cricket newsletter for our writers' thoughts on the biggest stories and a review of the week's action after newsletter promotion 'The Hundred has created a stage where tradition meets innovation and fans of all ages are tuning in,' said Kaviya Maran, head of sports at Sun TV. 'It's a gamechanger and we are here to help push it even further. For someone who is passionate about the game's future, especially bringing more women and younger fans into it, this investment felt like a no brainer.'
Time of India
23-07-2025
- Entertainment
- Time of India
Moondru Mudichu: Everything about the family drama starring Swathi Konde, Niyas Khan, and Preethi Sanjiv
The popular Tamil television serial Moondru Mudichu has captured the hearts of viewers and recently reached an impressive milestone of 271 episodes. Starring Swathi Konde , Niyas Khan, and Preethi Sanjiv in lead roles, this emotional family drama continues to be a staple in many households, thanks to its gripping storyline and relatable characters. Premiering in August 2024, Moondru Mudichu is the Tamil adaptation of the Telugu series Moodu Mullu and Malayalam's Sitara. The show quickly gained traction for its emotionally layered plot and strong performances. Meet the cast Alongside the leads, Swathi Konde as Nandini, Niyas Khan as Suryakumar, and Preethi Sanjiv, the show boasts a powerful ensemble cast that includes Prabhakaran Chandran, Krithika Laddu, Dharshna Sripal Golecha, Sai Lavanyaa, Agathiyan, Poraali Dileepan, Meena Vemuri, Theni Murukan, Geetha Ravishankar, Durai Sudhakar , Winner Ramachandran, Sundari Sekhar, Singapore Deepan, Kavya Bellu , T Jayanthi, Pulikutty Selvam, M. Sukanya, R. Ashok Pandiyan, and Manikandan Raj. Their performances add significant depth and dimension to the series. Storyline The narrative centres around Nandini, a kind-hearted young woman raised by her single father in a village. With her family's well-being always as her top priority, Nandini becomes entangled with Suryakumar, a wealthy businessman estranged from his mother. His complex family dynamics and resentment toward his mother lead him to manipulate Nandini into a marriage, hoping to create turmoil. Despite a rocky start, the relationship between Nandini and Suryakumar evolves, turning into a tale of unexpected love and emotional growth. As the story progresses, Moondru Mudichu explores Nandini's struggles and strength as she navigates the complexities of life in Suryakumar's joint family, delivering compelling drama and emotional resonance. Where to watch Moondru Mudichu airs on Sun TV at 8:30 PM and continues to hold a loyal viewership, thanks to its gripping screenplay and heartfelt performances.
Time of India
22-07-2025
- Entertainment
- Time of India
Kayal : All you need to know about the long-running family drama starring Chaithra Reddy and Sanjeev Karthick
One of Tamil television's most beloved serials, 'Kayal', continues to tug at viewers' heartstrings as it marches past an impressive milestone of 1,370 episodes. Premiering in October 2021, Kayal has become a household favourite with its poignant portrayal of a young woman's sacrifices and resilience. The show is remade and adapted across several languages: Bhavana (Malayalam), Saadhana (Telugu), Radhika (Kannada), and Majhi Manasa (Marathi), attesting to its pan-Indian appeal. A powerful story At the heart of Kayal is the story of a nurse named Kayalvizhi, played by Chaithra Reddy, who rises above personal struggles to become the pillar of her family. Abandoned by her father and burdened by an alcoholic brother, Moorthy, she becomes the sole breadwinner. Kayal finds purpose and pride in supporting her siblings; Moorthy, Anbu, Devi, and Anandhi, even as she endures emotional and financial hardships. Her selfless journey continues to inspire viewers across age groups. Stellar cast The show features an ensemble of seasoned and new talents. Alongside leads Chaithra Reddy and Sanjeev Karthick, the cast includes Meenakumari, Dharmalingam, Sumangali, Uma Riyaz Khan , Ayyappan, Ishwarya Ravichandran, Nila Gracy, Avinash Ashok, Janaki Devi, Hema Srikanth, Gopi, Sathyapriya, Sivasamy, Baby Dechina, and others. Their strong performances have added depth to the emotionally layered narrative. Where to watch Kayal airs every evening at 7:30 PM on Sun TV. Its relatable storyline and standout performances continue to attract a loyal fan base.
Business Upturn
18-07-2025
- Business
- Business Upturn
SRH owner Sun TV Network buys UK's Northern Superchargers cricket franchise for Rs 1,168.6 crore
Sun TV Network Limited announced on Friday (July 18) that it has completed the acquisition of 100% equity of Northern Superchargers Limited, one of the eight franchises of The Hundred, a professional cricket league run by the England & Wales Cricket Board. According to its filing with the BSE and NSE, the Chennai-based media and sports company will pay GBP 100.5 million (approximately ₹1,168.6 crore) in cash for the acquisition. The purchase is being made through the automatic route under RBI regulations, and completion is expected on or before December 31, 2025. This marks Sun TV's latest global sports venture after owning the IPL team Sunrisers Hyderabad and the SA20 team Sunrisers Eastern Cape. Sun TV stated that the deal is aligned with its strategy to expand its global footprint in sports, particularly cricket, and build on the growing popularity of The Hundred internationally. Northern Superchargers Limited, incorporated in the UK in May 2019, operates in the cricket industry. The franchise reported revenues of GBP 1.89 million in FY24, slightly lower than GBP 1.99 million in FY23. Sun TV emphasized that the acquired entity is already profitable, and they expect the league to deliver greater financial success given the rising global interest. The board of Sun TV approved the deal during its meeting on July 18, which started at 2:30 PM and concluded at 3:40 PM. Post-acquisition, Northern Superchargers will become a wholly-owned subsidiary of Sun TV Network. No related-party transactions were involved, and the promoters of Sun TV do not have any prior interest in the entity. The acquisition is entirely cash-funded via authorised banking channels. Sun TV stated in its disclosure: 'We are enhancing our global footprint into sports and are investing into a Club that is part of 'The Hundred', which is already profitable and poised for greater financial success.' The move cements Sun TV's presence in cricket leagues across three major regions — India, South Africa, and now the United Kingdom. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
09-07-2025
- Business
- Time of India
Uncle Stalin works out truce between Maran brothers
Chennai: A month after issuing a legal notice against his brother seeking a "fair share" in the profits of the Sun TV Network, MP Dayanidhi Maran on Sunday arrived at a truce with Sun TV Network chairman , thanks to the efforts of their uncle and chief minister M K Stalin. Tired of too many ads? go ad free now A source confirmed that Stalin mediated between the warring brothers and arrived at a compromise on Sunday evening. "It is true. He (Dayanidhi) will withdraw the notice," said the source. Dayanidhi sent a legal notice to his elder brother Kalanithi on June 10, accusing him of flouting rules and transferring to himself lakhs of shares of the Chennai-based Sun TV group, which are worth thousands of crores of rupees. Kalanithi had derived 5,926 crore as dividends till 2023 and another 455 crore in 2024, Dayanidhi said. This is not the first time that Stalin has played mediator within the family. In 2008, after a fall out between Karunanidhi's elder son M K Alagiri and the Maran brothers, Stalin with the help of his half-sister Kanimozhi, reunited the family. The legal notice to Kalanithi last month also recalls that soon after completion of the last rites of their father Murasoli Maran on Nov 24, 2003, "in family interest" and their mother's age, health and wellbeing, Karunanidhi, as head of the family, offered to mediate with Kalanithi, and asked if any arrangements had been made or decisions reached concerning the division of properties among the family members. Dayanidhi replied that his brother would take care of everything and will do all acts beneficial to the family as his father would have done. Years later, relations soured between the Maran brothers over their business holdings. The Sun TV Network reported a turnover of 4,544 crore for FY2024-25 and a net profit of 1,654.45 crore. Dayanidhi threatened to approach SFIO, SEBI, ED and other statutory organisations to initiate civil, criminal, regulatory and enforcement proceedings against Kalanithi and his associates, including his wife Kaveri Kalanithi, unless they restored Sun TV and all related companies to their original state as on Sep 15, 2003, by reinstating the shares to the rightful owners — M K Dayalu Ammal, wife of late CM M Karunanidhi, and the legal heirs of late Murasoli Maran within a week.
