Delhi Capitals House owners Agree To Purchase Main Share In Hampshire Takeover

The GMR Group, co-owners of IPL franchise Delhi Capitals, has agreed to a cope with English county group Hampshire to purchase its main shares value 120 million kilos (roughly Rs 1278 crore). Therefore, Hampshire will develop into the primary county facet to be owned by an abroad entity, because the GMR Group will now have management over 51 per cent of the group’s shares. “The Delhi part-owners are understood to have crushed a second bid from rival Indian Premier League franchise Lucknow Tremendous Giants with a proposal which values Hampshire at 120 million kilos, though that worth consists of the membership’s money owed of round 60 million kilos,” the Telegraph reported.

Moreover, the GMR Group can even take management of the Utilita Bowl (cricket stadium at Hampshire), the Hilton resort and a golf course on the similar venue.

Aside from being the co-owners of the Capitals, the GMR Group additionally has equal stakes in Dubai Capitals, the ILT20 facet within the UAE, and Seattle Orcas, the Main League Cricket outfit within the USA.

The England and Wales Cricket Board (ECB), the Hampshire membership officers and the brand new homeowners are anticipated to make an official announcement quickly in regards to the deal.

In addition to the numerous funding, the take over might additionally open up the opportunity of Hampshire getting access to a few of Delhi Capitals’ younger gamers for home tournaments such because the Hundred.

Nevertheless, at current, the Board of Management for Cricket in India (BCCI) doesn’t allow energetic Indian cricketers to play in abroad tournaments.

In one other important improvement, Yorkshire, one other English county facet, has reopened their talks with Rajasthan Royals for a attainable takeover of the Headingley based mostly membership.

Nevertheless, this might require a consent from 6000 Yorkshire members by means of a poll.

(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)