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The GMRGroup, co-owners of IPL franchise business Delhi Capitals, on Monday finished an arrangement with Hampshire to get bulk risk in the English area club. Initially, the GMR Group will certainly hold 53 percent risk in Hampshire, consequently making it the initial area group to have an abroad possession. In a phased fashion with the following 24 months, the Indian empire will certainly get one hundred percent risk. “Hampshire Sport & Leisure Holdings Limited, owner of the Utilita Bowl site and Hampshire Cricket, has signed and exchanged definitive agreements with GMR Global Pte Ltd (GGPL), marking the start of a significant strategic partnership,” the club claimed in a declaration in its internet site.
“As part of the agreement, GGPL will initially acquire a majority stake in Hampshire Sport & Leisure Holdings Limited, with the completed acquisition of 100% ownership expected within the next 24 months,” the declaration included.
Kirankumar Granthi, Corporate Chairman of the GMR Group, claimed his purpose will certainly be to grow “value creation” and supplying chances to budding skills.
“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,” claimed Granthi.
Currently, GMR holds a half risk in the Delhi Capitals (IPL and WPL), the Dubai Capitals (ILT20) and the Pretoria Capitals (SA20).
Additionally, the GMR team has actually bought the Seattle Orcas in the Major League Cricket, U.S.A..
Under the brand-new possession framework, Hampshire’s existing management group will certainly continue to be in position.
Rod Bransgrove will certainly proceed as Group Chairman up until at the very least September 30, 2026, and David Mann will certainly keep his duty as the Group CHIEF EXECUTIVE OFFICER.
“This is the fulfilment of a desire for me and, I wish, for all Hampshire Cricket advocates. After a comprehensive option procedure, we picked GGPL (the moms and dad firm of GMR) as our companions as a result of their common worths and dedication to our vision.
“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,” claimed Bransgrove.
Richard Gould, ECB Chief Executive Officer, invited the procurement.
“This is an exciting time for Hampshire Cricket. I am pleased to see GGPL’s 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,” claimed Gould.
(Except for the heading, this tale has actually not been modified by NDTV team and is released from a syndicated feed.)
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