The Hundred has been described as “a big fat Ponzi scheme” by a former chairman of the Indian Premier League as he doubled down on criticisms of the competition’s revenue projections after leaking key sections of the confidential document drafted by the England and Wales Cricket Board to pitch the tournament to foreign investors.
In a series of posts across 24 hours on X, Lalit Modi, who also founded the IPL, published the ECB’s financial projections for the tournament as a whole and for each of its eight franchises, calling them “overly optimistic”. Modi described the Hundred as “a struggling non-starter league” and said “the numbers put in document [sic] are definitely not achievable”. Projected sponsorship growth, he said, “seems more like wishful thinking than a realistic forecast”.
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