Lancashire want to partner with an IPL franchise and run Manchester Originals as a joint venture from 2025. The ECB will distribute prospectuses to potential investors early next month, with stakes in each of the eight Hundred teams for sale, and Lancashire have met with various interested parties over the last month.

As the owners of Emirates Old Trafford, Lancashire will be gifted a 51% stake in Manchester Originals by the ECB as part of the Hundred's sale process. They have made clear that they are looking for a "sporting partner" rather than a purely financial investor, and their chief executive, Daniel Gidney, told ESPNcricinfo that they would "love" to work with an IPL franchise.

"Our preference is a partner who will partner with us on cricket, who can really help us grow our cricket, and clearly we have a strong interest in India," Gidney said. "We'd love to work with an IPL team, of course, because of the opportunities that would bring - both for us and for them our pathway is the best in the country, and so is our medical staff."

The two London Hundred franchises - London Spirit (Lord's) and Oval Invincibles (The Oval) - are expected to be worth the most, with Manchester Originals and Birmingham Phoenix (Edgbaston) following. "As I've said to different people from that part of the world, the first round is being run by the ECB, so you need to get your number up," Gidney said.

"If you want an ego and to pay a lot of money, then London is your gig. There'll be loads of people that want London, but there's only two teams, and one of those only wants a passive investor so it narrows your choice down. Outside of that, I said to people: 'If you want cheap, we are not it. If you want the best value, we are it."

"We are unique in the cityscape of the UK in having two massive brands and Premier League football teams that both [feature] the name of the city," Gidney said. "All I'm going to be drawn on that subject is I think it would be very difficult for Manchester Originals to be renamed either Manchester United or Manchester City."

"I would absolutely see the benefit of some form of consolidated contracting," Gidney said. "An opportunity for us to have a bit more Lancashire personality would be great. You've still got to be best vs best, you've still got to get in the XI, but originally, we talked about having some local heroes within a squad and I would love to see that come back in."

"I think there's probably 30 to 40 players who are currently playing in the Hundred but I don't think they should be. I think they should be playing in the One-Day Cup if you're looking at the investment, you have to have best vs best. On some occasions, have you had the best players in the world playing in that game? I would say the answer is no."