Delhi Capitals buys 49% stake in English county cricket team Hampshire for Rs 1200 crore
GMR’s growing portfolio in cricket already includes teams from the IPL, ILT20 in the UAE and Major League Cricket in the USA. Delhi Capitals ink historic deal with Hampshire County Cricket Club (Source GMR Group, co-owner of IPL team Delhi Capitals, has signed a great deal of Rs 1200 crore with English county cricket team Hampshire and acquired 49% stake. This deal is the first time that a foreign investor has entered English county cricket. Let us tell you that, GMR Group will currently hold 49% stake in Hampshire, but in future they will have the option to acquire 51% stake. Block buster deal has been signed for Rs 1200 crore This new partnership gives GMR control over the Utilita Bowl, the Hilton Hotel and the 18-hole golf course adjacent to the cricket ground. GMR’s growing portfolio in cricket already includes teams from the IPL, ILT20 in the UAE and Major League Cricket in the USA. Earlier this year, the England Cricket Board (ECB) received approval from the 18 first-class counties for privatisation. GMR Group’s investment in Hampshire is the first instance of an IPL franchise investing in an English county cricket team. The ECB is looking for financial stability, and the privatisation of The Hundred is part of this strategy. These IPL franchises have shown interest in English County Other IPL franchises like Rajasthan Royals, Kolkata Knight Riders, Mumbai Indians and Lucknow Supergiants have shown interest in English county cricket. A source was quoted as saying, “There will be a lot of interest from the IPL franchises as they have the money and this is a golden opportunity for the ECB to achieve the long-desired financial stability.” There may be a change in the format of The Hundred There are reports that discussions are underway about possibly changing the format of The Hundred, with the tournament’s branding expected to remain unchanged. But a change to the T20 format is considered a strong possibility, although no decision has been taken yet.
5 IPL teams are now going to buy stake in this club team of England, there is going to be uproar in the cricket world
The IPL franchise’s interest in London Spirit’s Hundred stake reflects the growing appeal of franchise cricket and the potential for expansion and investment. Channel Nine commentator Mark Nicholas. (Photo by Scott Barbour – CA/Cricket Australia/Getty Images) The cricket world has witnessed a significant development as five IPL franchises have expressed interest in acquiring a stake in London Spirit, the Lord’s-based team that competes in the Hundred tournament. This has been confirmed by MCC president Mark Nicholas, who is set to take over as the club’s president in October. The popularity of The Hundred has already generated a lot of excitement and it has established itself as one of the most sought-after cricket leagues across the world. Cricket will get a boost from World Cricket Connects MCC President Mark Nicholas has announced that the MCC will hold “World Cricket Connects” at Lord’s. This will be an event that will help shape the ongoing success of the game and will also aim to provide a platform that will help all stakeholders. The event will also be attended by some of the most influential cricket personalities and BCCI secretary Jay Shah is also likely to attend the event. The ECB recently offered The Hundred franchise to investors with only 49% stake, while the remaining 51% controlling stake will be held by team owners and the MCC. So that no outside franchise can dominate. The IPL franchise’s interest in a stake in London Spirit reflects the growing appeal of franchise cricket and the potential for expansion and investment. About Marylebone Cricket Club(MCC) The Marylebone Cricket Club (MCC) is a cricket club based in London, England. It was founded in 1787 and is considered one of the most prestigious cricket clubs in the world. The MCC is responsible for the laws of cricket, and also owns and operates Lord’s Cricket Ground, widely regarded as the “home of cricket”. The club has a long and rich history in the sport, and has played a key role in shaping the development of cricket in England and around the world. Now with the IPL teams coming on board, MCC will be working in a big way.