GMR Group Acquires Major Shares in Hampshire County Cricket Club for £120 Million

The GMR Group, co-owners of IPL franchise Delhi Capitals, has entered into a deal to acquire major shares of English county team Hampshire for £120 million. This acquisition marks Hampshire as the first county team owned by an overseas entity. The takeover includes assets such as the Utilita Bowl, a hotel, and a golf course.

In a groundbreaking deal, the GMR Group, co-owners of the IPL franchise Delhi Capitals, have agreed to purchase major shares of the English county cricket team, Hampshire, for £120 million (approximately Rs 1278 crore).

This historic acquisition will make Hampshire the first county team to be owned by an overseas entity, with GMR Group gaining control over 51 percent of the team's shares.

The deal includes the ownership of the Utilita Bowl, a cricket stadium, the Hilton hotel, and a golf course at the same venue. An official announcement by The England and Wales Cricket Board (ECB), Hampshire club officials, and the new owners is expected soon.

(With inputs from agencies.)