Indian Premier League founder Lalit Modi has labelled the Hundred competition a "big fat Ponzi scheme", accusing English cricket chiefs of unrealistic financial projections.

The England and Wales Cricket Board (ECB) is seeking private investment in the 100-ball-per-side competition, which was launched in 2021. The Hundred, which involves men`s and women`s teams, has been controversial as it is not mapped onto the traditional county structure, but authorities say it brings much-needed TV revenue into the sport.