In a groundbreaking move that marks a significant expansion of its global sports portfolio, GMR Group, a leading Indian infrastructure conglomerate, has acquired a majority stake in Hampshire Cricket, a renowned domestic county cricket team in England.
The strategic partnership sees GMR Global Pte Ltd (GGPL), a subsidiary of GMR Group, acquire a controlling interest in Hampshire Sport & Leisure Holdings Limited, the parent company of Hampshire Cricket. The acquisition is expected to be completed in phases over the next two years, with GMR aiming for full ownership within that timeframe.
This investment aligns with GMR Group’s broader vision of expanding its presence in the global sports market. The company has already made significant strides in the sports industry, with investments in various franchises and leagues, including Delhi Capitals in the Indian Premier League (IPL) and the Women’s Premier League (WPL), Dubai Capitals in the International League T20 (ILT20), Pretoria Capitals in the SA20 and Seattle Orcas in Major League Cricket (MLC).
The acquisition, which is expected to be completed in phases over the next two years, will provide Hampshire Cricket with a significant financial boost and support its long-term growth and development. GMR’s expertise in sports infrastructure and operations will also be instrumental in enhancing the match-day experience for fans and elevating Hampshire Cricket’s profile on the international stage.
Rod Bransgrove, Chairman of Hampshire Sport & Leisure Holdings Group, expressed his enthusiasm for the partnership, stating, “This is the fulfilment of a dream for me and, I hope, for all Hampshire Cricket supporters. Beyond our team’s accomplishments on the field over the past 24 years, we have transformed our stadium into a premier Test Match and events venue and one of the most exceptional cricket and leisure facilities in the country. We have also been pioneers in the development of women’s cricket and have consistently innovated throughout this relatively short history.
“After a thorough selection process, we chose GGPL as our partners due to their shared values and commitment to our vision. We believe GGPL is the perfect organization, with the right people, to build on our proud legacy. Becoming the first English cricket club to join an international cricket group will open exciting new opportunities as we embrace the globalization of this great sport.”
Grandhi Kiran Kumar, Corporate Chairman of GMR Group, added, “What initially attracted me to Hampshire was the way it was run by Rod Bransgrove, whose leadership ethos closely mirrors that of the GMR Group. I believe GGPL is in the best position to carry Rod’s legacy forward and continue building on the strong foundation he has established.
“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.”
GMR Group has a strong track record in developing and operating sports infrastructure, including cricket stadiums and training facilities. Its investment in Hampshire Cricket is part of its broader strategy to expand its presence in the global sports market.
The acquisition of Hampshire Cricket by GMR Group is expected to have a positive impact on both the club and the English cricket landscape. GMR’s financial backing and operational expertise will provide Hampshire Cricket with the resources to enhance its facilities, attract top talent, and compete at the highest level.
As a leading global infrastructure conglomerate, GMR Group has a proven track record of developing and operating successful sports ventures. The company’s investment in Hampshire Cricket is a testament to its commitment to growth and innovation in the sports industry.
