- GMR Group have paid £120m for a 53 per cent stake in Hampshire
- The group are the house owners of Indian Premier League franchise Delhi Capitals
Hampshire turned the primary county cricket membership to welcome overseas possession when the house owners of Indian Premier League franchise Delhi Capitals paid £120million for majority management of the 161-year-old establishment.
Rod Bransgrove, the membership’s chairman, confirmed the sale of a 53 per cent stake after months of talks with the GMR Group, who even have shares in Dubai Capitals, Pretoria Capitals and Seattle Orcas. ‘Turning into the primary English cricket membership to affix a global cricket group will open thrilling new alternatives as we embrace the globalisation of this nice sport,’ stated Bransgrove.
The sale contains the purpose-built Utilita Bowl stadium that Bransgrove funded when he saved Hampshire from oblivion on the flip of the century, its adjoining golf course and on-site lodge.
Bransgrove, 74, will stay in his function in a two-year phasing interval in direction of full possession by GMR.
Hampshire have develop into the primary county cricket membership to welcome overseas possession
Indian Premier League franchise Delhi Capitals paid £120m for majority management of the aspect
Hampshire chairman Rod Bransgrove confirmed sale of a 53 per cent stake to the GMR Group
Different counties are positive to comply with swimsuit, though all the 18 bar Northamptonshire and Durham are members’ golf equipment.
Yorkshire are pursuing a means of ‘demutualisation’ that will permit them to safe funding, following curiosity from Rajasthan Royals and Sunrisers Hyderabad.
Final month the ECB started the method of securing non-public funding of their eight Hundred groups, however Bransgrove says the Hampshire deal shouldn’t be considered as a back-door try to purchase into the competitors.
