Hampshire sell majority stake to Delhi Capitals' owner, GMR Group

Hampshire is all set to become the first county in English cricket to have overseas ownership after a majority stake has been agreed by the club's parent company to GMR Group, an India-based infrastructure sector conglomerate which owns, wholly or partially, teams in various 20-over leagues around the world, including the Delhi Capitals.

It is understood that Gala Global Products Limited (GGPL), the parent company of GMR Group, will for the time being bear a 53% stake in Hampshire Sport & Leisure Holdings Ltd. A 100% acquisition is expected to take place within the next couple of years, as per ESPNcricinfo. 

Our vision is to transform sports into a platform that unites cultures: Grandhi

Kiran Kumar Grandhi, Corporate Chairperson of the GMR Group, established the primary motives of GMR Group via an official statement.

"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," stated Grandhi, as quoted by ESPNcricinfo.