Hampshire will become the first English County to have overseas ownership after the parent company has decided to sell major shares to GMR Group, the entity which holds teams in various T20 leagues, including Delhi Capitals in the IPL.
According to reports, GMR’s parent company, CGPL will initially hold 53% of the Conty’s shares and the complete acquisition is expected to be held within 24 months.
The process might involve GMR holding 51% shares in Southern Brave, with ECB finalizing the equity sale of the eight-team tournament.
After Hampshire’s former chairman decided to sell his 60% stake in the company, GMR will be the majority shareholder in the club.
But Rob Bransgrove will continue as Group chairman until at least September 30, 2026. “This is the fulfilment of a dream for me and, I hope, for all Hampshire Cricket supporters,” Bransgrove said in a press release.
“Beyond our team’s accomplishments on the field over the past 24 years, we have transformed our stadium into a premier Test Match and events venue and one of the most exceptional cricket and leisure facilities in the country.”
“We have also been pioneers in the development of women’s cricket and have consistently innovated throughout this relatively short history.
“After a thorough selection process, we chose GGPL as our partners due to their shared values and commitment to our vision. We believe GGPL is the perfect organization, with the right people, to build on our proud legacy.”
“Becoming the first English cricket club to join an international cricket group will open exciting new opportunities as we embrace the globalization of this great sport.”
Meanwhile, the ECB chief executive officer Richard Gould said, “This is an exciting time for Hampshire Cricket, and I’d like to welcome GGPL to cricket in England and Wales.”
“I am pleased to see their commitment to continuing to develop Hampshire’s cricket teams and pathways and enhance facilities at Utilita Bowl, and their respect for the traditions of the game in this country.”
“This announcement also demonstrates the global interest in investing in cricket in England and Wales, and underlines the continuing appeal of county cricket.”
“I’d like to thank Rod Bransgrove for all he has done in transforming Hampshire and creating a world-class stadium, and look forward to continuing to work together in his role as Group Chair.”
The Corporate Chairman of GMR Group Grandhi Kiran Kumar had opened the entities investments in various places like US, Dubai and India.
“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,” concluded Grandhi Kiran Kumar.
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