The deadline for finalising the £520 million Hundred deals has been extended by the England & Wales Cricket Board due to complex legal wranglings and pushback led by the prospective buyers of the two London franchises.
Telegraph Sport understands Reliance Industries, owned by India’s Ambani family who purchased the Oval Invincibles for £123 million, and Cricket Investor Holdings, the American-led consortium of tech entrepreneurs who successfully bid £295 million for the London Spirit based at Lord’s, have flagged concerns over aspects of the Participation Agreement, which is the main legal document between the buyers and the ECB.