GMR Group Acquires Majority Stake in Hampshire Cricket

GMR Group, co-owners of Delhi Capitals IPL team, has acquired a 53% stake in Hampshire County Cricket Club. Over the next 24 months, GMR plans to acquire full ownership. This marks the first overseas ownership in English county clubs. Hampshire's leadership remains unchanged; significant global strategic opportunities are anticipated.

The GMR Group, co-owners of IPL franchise Delhi Capitals, has completed an agreement to acquire a 53 percent stake in Hampshire County Cricket Club. This landmark deal makes Hampshire the first English county team with overseas ownership, setting a precedent in the cricket world.

"With this acquisition, along with our investments in the US, Dubai, and India, GMR is focused on engaging and connecting with the global youth. We are committed to financial prudence, value creation, and creating opportunities for young talent. Our vision is to transform sports into a platform that unites people and cultures, drives global excellence, and nurtures the creation of future world champions," said Kirankumar Granthi, Corporate Chairman of the GMR Group.

Under the new ownership structure, Hampshire's existing leadership team, including Group Chairman Rod Bransgrove and CEO David Mann, will remain in place. This acquisition is seen as a significant strategic partnership aimed at the globalization of cricket, with significant investments planned for facilities and talent development at Utilita Bowl.