English cricket workforce Hampshire is about to be purchased through part-owner of IPL franchise Delhi Capitals.
Hampshire is about to turn out to be the primary English county cricket membership to be owned through an in a foreign country franchise after getting into right into a “phased acquisition” with the part-owner of Indian Premier League workforce Delhi Capitals.
The deal was once described through Hampshire, a county within the south of England, as “the beginning of a vital strategic partnership” with GMR International Pte Ltd that may see the Indian conglomerate to start with purchase a majority stake sooner than most probably taking 100% possession “inside the subsequent 24 months.”
“Changing into the primary English cricket membership to sign up for a world cricket team will open thrilling new alternatives as we embody the globalisation of this nice game,” stated Hampshire majority shareholder Rod Bransgrove, who stood down as chairman remaining 12 months amid experiences he was once in negotiations with a brand new investor.
In addition to a 50% stake in Delhi Capitals, GMR additionally owns stocks within the fellow cricket groups Dubai Capitals and the Pretoria Capitals, in addition to making an investment within the Seattle Orcas in Primary League Cricket in the United States.
Hampshire is a two-time English county champion which gained the rustic’s best Twenty20 pageant — the Blast — in 2022. The workforce performs on the Rose Bowl, which has hosted England assessments and limited-overs internationals.
Hampshire stated GMR “has dedicated to furthering the advance of Hampshire’s cricket groups and pathways” and has underlined the significance of “respecting the traditions and tradition of the sport in England and Wales.”
“That is the fulfilment of a dream for me,” Bransgrove stated, “and, I’m hoping, for all Hampshire Cricket supporters.”
Richard Gould, leader government of the England and Wales Cricket Board, stated the deal “demonstrates the worldwide passion in making an investment in cricket in England and Wales, and underlines the ongoing enchantment of county cricket.”