Rajasthan Royals (IPL Rajasthan Royals) has made a big bid of Rs 260 crore to buy the County Club (Yorkshire County Club).
Rajasthan Royals have made a takeover bid worth crores of rupees for Yorkshire. If Rajasthan Royals is successful in purchasing this club, it will become the second foreign franchise to own a county club. The IPL organization has offered Yorkshire around £25 million, which – unlike other investment offers the club has received – would give the Royals full control of Headingley, ending their 160 years as a member club. Talking in Indian currency, Rajasthan Royals have made a bid of Rs 259 crore.
Mail Sport reported last week that Yorkshire were considering selling Headingley to former Newcastle boss Mike Ashley in a bid to raise funds to pay off former chairman Colin Graves’ family trust’s £15million settlement.
He also talked about taking loans from other IPL franchises and Saudi Arabia’s Prince Badr bin Abdullah bin Mohammed bin Farhan Al Saud.
While these proposals would ensure that Yorkshire remains in the hands of its members, Rajasthan is aiming for full control. They will provide Yorkshire with a convertible loan to pay off Graves’ loan, which will be converted into equity at a future date. Rajasthan Royals have made a takeover bid for Yorkshire County Cricket Club.