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Hampshire sell majority stake to Delhi Capitals’ owner, GMR Group

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Hampshire sell majority stake to Delhi Capitals' owner, GMR Group

Hampshire sell majority stake to Delhi Capitals' owner, GMR Group

Delhi Capitals. (Source -IPL/BCCI)

Hampshire is all set to become the first county in English cricket to have overseas ownership after a majority stake has been agreed by the club’s parent company to GMR Group, an India-based infrastructure sector conglomerate which owns, wholly or partially, teams in various 20-over leagues around the world, including the Delhi Capitals.

It is understood that Gala Global Products Limited (GGPL), the parent company of GMR Group, will for the time being bear a 53% stake in Hampshire Sport & Leisure Holdings Ltd. A 100% acquisition is expected to take place within the next couple of years, as per ESPNcricinfo.

Former chairperson of Hampshire, Rob Bransgrove, had decided to sell 60% stake in the company. With David Mann having his role as Group CEO, Bransgrove is expected to remain in the capacity of Group Chairperson untiil September 30, 2026.
JSW, a fellow Indian giant, had been granted 50% ownership stake in the Capitals franchise by GMR in 2018. GMR Group also owns the Dubai Capitals of the ILT20 and has a stake in Seattle Orcas in MLC.
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Our vision is to transform sports into a platform that unites cultures: Grandhi

Kiran Kumar Grandhi, Corporate Chairperson of the GMR Group, established the primary motives of GMR Group via an official statement.

“With this acquisition, along with our investments in the US, Dubai, and India, GMR is focused on engaging and connecting with the global youth. We are committed to financial prudence, value creation, and creating opportunities for young talent. Our vision is to transform sports into a platform that unites people and cultures, drives global excellence, and nurtures the creation of future world champions,” stated Grandhi, as quoted by ESPNcricinfo.

Also Read: ‘With India touring England next year, I wanted to show how good I am’ – Yuzvendra Chahal on county stint
Bransgrove and Mann were GMR’s guests at the ILT20, which was conducted  in February this year.

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