English cricket has generated more than 520 million pounds ($650 million) from the sale of stakes in franchises in its recently created competition The Hundred to big-business investors from India and the United States.

Auctions held over the past two weeks drew bids that value the eight teams in The Hundred at more than $1.2 billion, the England and Wales Cricket Board said on Thursday. The investors who secured deals range from Silicon Valley tech giants,

An auction has valued eight English cricket teams at nearly £1 billion ($1.3 billion), a coup for the country’s newest competition that only launched four years ago.