Hampshire Cricket Secures Historic Overseas Ownership

Hampshire Cricket Secures Historic Overseas Ownership

Hampshire Cricket, an English county club, has made history by becoming the first to secure overseas ownership. GMR Group, an Indian infrastructure conglomerate, has acquired a majority stake in Hampshire Sport & Leisure Holdings Ltd, the club’s parent company.

The deal, which initially grants GMR Group a 53% stake, is expected to culminate in a complete 100% acquisition within the next two years. This includes GMR’s acquisition of Hampshire’s 51% share in Southern Brave, a team in the Hundred tournament.

The investment marks a significant milestone for Hampshire, which was previously owned by former chairman Rob Bransgrove. Bransgrove, who will continue as Group Chairman until 2026, played a pivotal role in transforming the club from a members-owned entity to a modern sports and leisure facility.

GMR Group, known for its infrastructure ventures, has a strong presence in cricket. The company owns the Delhi Capitals franchise in the Indian Premier League (IPL), the Dubai Capitals franchise in the International League T20 (ILT20), and has a stake in the Seattle Orcas in the Major League Cricket (MLC).

The deal with Hampshire stems from Bransgrove’s efforts to secure the club’s financial stability in 2000. He facilitated the move from Northlands Road to the Utilita Bowl, which has since become a premier Test match and events venue.

Hampshire has hosted several high-profile matches, including the inaugural World Test Championship final in 2021 and is scheduled to host its maiden Ashes Test in 2027. The club has also been a pioneer in women’s cricket development.

“This is the fulfillment of a dream for me and, I hope, for all Hampshire Cricket supporters,” said Bransgrove. “We believe GGPL is the perfect organization to build on our proud legacy.”

ECB Chief Executive Officer Richard Gould welcomed the investment, stating, “This announcement demonstrates the global interest in investing in cricket in England and Wales.”

The deal is expected to provide Hampshire with access to new opportunities and resources, further enhancing its status as a leading cricket club in England.

GMR Group Makes Historic Investment in Hampshire County Cricket Team

GMR Group Makes Historic Investment in Hampshire County Cricket Team

GMR Group’s Historic Investment in Hampshire County Cricket Team: A Game-Changer for English Cricket

The GMR Group, a renowned Indian conglomerate and co-owner of the Delhi Capitals IPL team, has made a groundbreaking move by acquiring a 49% stake in Hampshire, an English county cricket team. This landmark deal marks the first time an overseas investor has entered the English county cricket scene, signaling a significant shift in the landscape of the sport.

The GMR Group’s investment, valued at approximately Rs 1200 crore, grants them control over the Utilita Bowl, the Hilton hotel, and the 18-hole golf course adjacent to the cricket ground. This strategic move aligns with GMR’s growing portfolio in cricket, which includes teams in the IPL, ILT20 in the UAE, and Major League Cricket in the USA.

The deal is a testament to the financial stability that the England Cricket Board (ECB) has been seeking. Earlier this year, the ECB received approval from the 18 first-class counties to proceed with privatization, and the GMR Group’s investment in Hampshire is the first instance of an IPL franchise investing in an English county cricket team.

Other IPL franchises, such as Rajasthan Royals, Kolkata Knight Riders, Mumbai Indians, and Lucknow Supergiants, have also expressed interest in English county cricket. This surge of interest from IPL franchises is driven by their financial resources and the opportunity to achieve long-desired financial stability for the ECB.

While there are discussions about potentially changing the format of The Hundred, the tournament’s branding is expected to remain unchanged. A shift to a T20 format is considered a strong possibility, but no decisions have been made yet.

The GMR-Hampshire deal is expected to serve as a catalyst for further discussions between other counties and overseas investors. This influx of investment could revolutionize English county cricket, bringing in new ideas, financial stability, and a global reach.

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