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.
GMR’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.
The 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).
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