The owners of Delhi Capitals have agreed to a £120 million deal to buy Hampshire, as per reports. This historic move will make Hampshire the first English county to be owned by an overseas franchise.
The deal, reported by The Telegraph, includes taking full ownership of Hampshire and a 51% stake in Southern Brave, with an option for a 100% takeover of the Hundred franchise.
The £120 million deal values Hampshire highly, including the club’s debts of around £60 million. GMR Group, which owns 50% of Delhi Capitals, is behind this acquisition. The agreement is pending ratification by the England and Wales Cricket Board (ECB).
Delhi Capitals agree £120m deal to buy Hampshire in historic move for English cricket. Full story @TelegraphSport. GMR Group’s interest first revealed by @willis_macp https://t.co/Lin0UhMeGT
— Matt Hughes (@MattHughesMedia) August 1, 2024
What will be the impact on Hampshire Cricket?
This deal is important for Hampshire, whose value has increased due to an impressive international fixture list. Owner Rod Bransgrove, who rescued the club from bankruptcy 24 years ago, will see the club hosting major matches, including an Ashes Test in 2027.
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The reported takeover also includes the Utilita Bowl, a Hilton hotel, and a golf course near Southampton.
How likely is ECB to approve the Indian investment?
The ECB has been open to Indian investment and is expected to approve Delhi’s bid. The investment from GMR will bring benefits to Hampshire, potentially including access to Delhi Capitals’ players, especially young talents.
The deal highlights the growing influence of IPL franchises in global cricket. It is set to transform Hampshire’s prospects and strengthen the ties between Indian and English cricket.
Additionally, Rajasthan Royals have reopened talks with Yorkshire for a potential takeover. This indicates a trend of IPL franchises investing in English county cricket.
