The England and Wales Cricket Board (ECB) has completed The Hundred team selling process. The GMR Group, co-owners of the Delhi Capitals (DC), have acquired the Southern Brave, and the equity sale in all of the eight teams is complete. The GMR Group already had a majority stake in the franchise, as they had purchased the Hampshire County Cricket Club (HCCC) last year, which owns a 51% stake in the Southern Brave.
Cricket 11 mins Surrey denies Mumbai Indians owners RIL majority stake in Oval InvinciblesGMR’s Hampshire deal
In a deal they made last year, GMR Group acquired Hampshire Cricket for Rs 450-500 crore. They had gotten hold of a 53% stake right then; by 2026, he’ll completely own the county. As part of the deal, GMR was the owner of the Utilita Bowl (South Bowl) Ground, the Hilton hotel, and the 18-hole golf course.
GMR acquires 100% stake in Southern Brave
The Delhi Capitals owners were expected to gain a 100% stake in the Southern Brave. The ECB was selling a 49% stake in each franchise, and as the owners of the HCCC, GMR had the majority share (51%). According to ESPNcricinfo, the Southern Brave was valued at £98 million (Rs 1059 crore). But GMR will have to pay £48 million (Rs 518 crore) to the ECB.
Cricket 11 mins LSG owner Sanjiv Goenka bags Rs 1251 crore valued Manchester OriginalsThe GMR Group has become the second Indian Premier League (IPL) franchise owner to completely acquire a Hundred team. Last week, the Sun Group (owners of the Sunrisers Hyderabad) secured a 100% stake in the Northern Superchargers for £100 million (Rs 1092 crore).
The only two IPL franchises that had gotten hold of The Hundred franchises are the Mumbai Indians (49% of Oval Invincibles for £60 million/Rs 649 crore) and the Lucknow Super Giants (49% of the Manchester Originals for £116 million/Rs 1251 crore).
Delhi Capitals owners GMR Group acquire 100% stake in Hundred team for Rs 1059 crore Inside Sport India.
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