GMR Global Pte Ltd has announced a phased acquisition of Hampshire Sport & Leisure Holdings, marking the first time an English county will have overseas ownership. This deal will initially result in a reduction of the company’s debt, with GGPL eventually acquiring 100% ownership within the next 24 months.
Hampshire’s existing leadership team, including Rod Bransgrove and David Mann, will remain in place under the new ownership structure. Bransgrove expressed excitement about the partnership with GGPL and the opportunities it will bring for Hampshire Cricket.
GGPL, part of the GMR Group, a multi-diversified Indian conglomerate, is focused on investing in global sports assets. The acquisition will include investments to enhance Hampshire’s cricket teams and facilities, including the Utilita Bowl stadium, hotel, and golf course.
Cllr Keith House of Eastleigh Borough Council welcomed the international investment, highlighting its importance in protecting the venue for the future and boosting participation in cricket among young people.
The agreement, which was formalized a year ago, includes market valuation of existing assets and incentives for shareholders. Grandhi Kirankumar of GMR Group emphasized the alignment of values between Hampshire and GGPL, with a focus on building on the strong foundation established by Bransgrove.
ECB’s CEO, Richard Gould, welcomed GGPL to cricket in England and Wales, praising their commitment to further developing Hampshire Cricket. The global interest in investing in cricket in England and the appeal of county cricket were also noted. Hampshire supporters have much to look forward to, with the Men’s team performing well in the County Championship and the Women’s team set to compete in Tier One of the new domestic structure.
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