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Hundred sales deadline extended after delay in negotiations

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Hundred sales deadline extended after delay in negotiations

The deadline to finalise the sale of The Hundred franchises has been extended by the England and Wales Cricket Board after delays in negotiations.

Multiple sources have told BBC Sport there are no major concerns over the hold-ups, with investors still fully committed to the deals agreed earlier this year which had an initial eight-week exclusivity period.

Delays have centred on the participation agreement, the key legal document between the ECB and the Hundred franchise investors which includes how television rights for the tournament are sold in the future.

It is now hoped the sales process will be concluded by the end of April, but all parties are said to be relaxed about the time frame should the legal process take longer.

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