The Hundred: ECB will sell stakes in eight teams later this year

The England and Wales Cricket board will sell stakes in the eight Hundred teams later this year and says the competition “will play a vital role in the future of our sport”.

An agreement between the ECB and the 18 first-class counties has been reached over the distribution of funds from the sales, set to be worth hundreds of millions.

Counties were previously given until 10 May to indicate if they supported the 51-49 proposal from the ECB. The eight are Lord’s , The Oval , Southampton , Cardiff , Trent Bridge , Edgbaston , Old Trafford and Headingley .

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