GMR Group Acquires Majority Stake in Hampshire Cricket

GMR Group, owner of the Delhi Capitals IPL franchise, has finalized a landmark £43 million deal to acquire Hampshire Sport & Leisure Holdings Ltd, making it the first English county cricket club to be owned by an overseas entity. The acquisition involves a phased approach, starting with a 53% stake and aiming for complete ownership within two years, alongside a commitment to reduce Hampshire's debt. GMR intends to enhance the club's infrastructure and cricket programs while maintaining existing leadership, with Chairman Rod Bransgrove touting the partnership as a fulfillment of a dream for Hampshire supporters. The deal also reflects a broader trend towards globalization in cricket, as GMR's involvement is expected to open new opportunities for the club. GMR already has a substantial cricket portfolio, owning teams in various leagues including the IPL and ILT20. The move is anticipated to positively impact Hampshire's financial growth and operational strategies.