In a bid to have foothold in English cricket, Indian Premier League (IPL) franchise Delhi Capitals (DC) are likely to buy stakes in county side Hampshire.
As per a report in the ‘Daily Telegraph’, Delhi Capitals are in advanced talks with Hampshire.
The report further stated that former Hampshire chairman Rod Bransgrove, who still holds majority share in the club, is close to agreeing a deal to sell the county side to GMR Group, the co-owners of Delhi Capitals.
“Hampshire County Cricket Club’s majority shareholder is in advanced talks to sell his stake to the part-owners of Indian Premier League team Delhi Capitals,” the report stated.
If the deal is finalised, it will make Hampshire the first county side to be owned by an overseas franchise.
With ‘The Hundred’ franchise tournament in England gaining popularity, the deal could give GMR a first-mover advantage and also help the IPL franchise develop its own players.
Reports have been published in some sections of the media that the England and Wales Cricket Board (ECB) is exploring opening up 50 per cent stakes in a few Hundred teams, and giving host counties the option to sell their shares.