Hampshire cricket team to be acquired by Delhi Capitals owner
- Hampshire County Cricket Club has entered a phased acquisition with GMR Global Pte Ltd, part-owner of the Delhi Capitals.
- The £120 million deal aims to reduce the club's debt and enhance facilities at the Utilita Bowl.
- This acquisition positions Hampshire as the first English county cricket club owned by an overseas franchise, opening new opportunities for the club.
Hampshire, a county cricket club in England, has entered into a phased acquisition with GMR Global Pte Ltd, part-owner of the Indian Premier League's Delhi Capitals. This historic deal, valued at £120 million, marks Hampshire as the first English county cricket club to be owned by an overseas franchise. The agreement includes an immediate cash injection to alleviate the club's debt and enhance facilities at the Utilita Bowl, which houses the team. GMR aims to complete a full takeover within two years, emphasizing their commitment to developing Hampshire's cricket teams and respecting the traditions of English cricket. The acquisition is seen as a significant strategic partnership that will open new opportunities for Hampshire, aligning with the global trend of cricket commercialization. The deal has been approved by the England and Wales Cricket Board, highlighting the growing interest in investing in English county cricket.