The co-owners of the IPL franchise Delhi Capitals, GMR Group, on Monday (thirtieth September), bought the County group Hampshire Cricket. In what’s a historic transfer, it’s the first time {that a} personal group has acquired a county cricket group.
GMR Group, which is owned by Kiran Kumar Granthi, has acquired a 100% stake of Hampshire Sport & Leisure Holdings Restricted (HSLHL), the father or mother firm of Hampshire Cricket. They are going to be finishing the complete acquisition within the subsequent 24 hours in phases.
Delhi Capitals co-owner might be paying 45 million kilos for a 100% (about Rs 450-500 crore) stake in Hampshire. Firstly, GMR might be shopping for 53 p.c for 23 million kilos (between Rs 230-300 crore), and they are going to be buying the remaining 47 p.c over the following two years. There are few incentives concerned in that, and it will likely be topic to Hampshire honoring the promised deliverables.
With Delhi Capitals homeowners now having the rights of The Hampshire, they are going to now be the homeowners of The Hampshire floor, Utilita Bowl, together with the golf course adjoining to it. Not solely this, the Hilton Lodge, which is on one facet of the bottom, will even be owned by the Indian firm. Each events formally agreed upon the principal phrases and situations a yr in the past.
We’re thrilled to welcome Hampshire Cricket into the GMR household – Delhi Capitals co-owner
Delhi Capitals co-owner, GMR Group proprietor, Kiran Kumar Granthi talked in regards to the growth, saying that they’re thrilled to welcome Hampshire Cricket. Whereas speaking about their plans, he mentioned that they’re making a sustainable and profitable future for the membership. Talking to Cricbuzz, he defined:
“We’re thrilled to welcome Hampshire Cricket into the GMR household. This acquisition is a testomony to our dedication to international sports activities and our perception within the energy of cricket to unite individuals. We look ahead to working with the Hampshire group to create a sustainable and profitable future for the membership.”
Although the GMR group has acquired the Hampshire, the management group will proceed. Rod Bransgrove will proceed serving as Group Chairman till at the very least September 2026, and David Mann would be the Group CEO. They, together with the Indian firm, will work to develop short-, medium–, and long-term methods for the constant progress of the membership and its operations.
Rod Bransgrove, whereas speaking about the identical, says it is a dream come true for them. He whereas speaking in regards to the group’s accomplishments acknowledged:
“That is the fulfilment of a dream for me and, I hope, for all Hampshire Cricket supporters. Past our group’s accomplishments on the sector over the previous 24 years, we have now reworked our stadium right into a premier Check Match and occasions venue and one of the vital distinctive cricket and leisure services within the nation. Now we have additionally been pioneers within the growth of girls’s cricket and have constantly innovated all through our comparatively quick historical past.”
GMR Group, which owns Delhi Capitals, will even now have a stake in Hampshire’s Southern Courageous group in The Hundred.