Lancashire have secured the IPL partner they wanted to run Manchester Originals as a joint venture, with Sanjiv Goenka's RPSG Group submitting the highest bid for a stake in the Hundred franchise on Monday.

Sanjiv Goenka, the Kolkata-based business tycoon and owner of Lucknow Super Giants and Durban Super Giants, has acquired the Manchester Originals franchise in The Hundred tournament. As per Cricbuzz, the deal was finalized at a price just over £100 million, £107 million to be precise.

According to reports, LSG owner Sanjiv Goenka is also in talks to buy further stakes in the team from Lancashire which currently holds the remaining 51%.

Sanjiv Goenka's RPSG Group, the owners of Indian Premier League side Lucknow Super Giants, on Monday won the race to partner Lancashire to run The Hundred franchise, Manchester Originals.RPSG Group came up with the highest bid to secure a 49 per cent stake in the franchise,

The RPSG Group secured a 49 per cent stake in the Manchester-based franchise with the highest bid, reportedly worth £116 million.

Sanjiv Goenka's RPSG Group already owns Lucknow Super Giants in the Indian Premier League and Durban Super Giants in the SA20. The Group has now secured stakes in Hundred franchise Manchester Originals.