GMR Group has acquired a stake in Southern Courageous, finalising the ECB’s fairness distribution course of for The Hundred. With this deal, Southern Courageous turns into the fourth Hundred group with IPL-linked possession, becoming a member of Northern Superchargers (Solar Group), Manchester Originals (RPSG Group), and Oval Invincibles (Reliance).
The group, which co-owns IPL franchise Delhi Capitals, had already secured majority possession of Hampshire by buying Rod Bransgrove’s shares final yr.
In the meantime, the ECB’s aim of attracting numerous world traders has been realised via offers with Birmingham Phoenix (Knighthead Capital), Welsh Hearth (Sanjay Govil), London Spirit (Silicon Valley consortium), and Trent Rockets (Cain Worldwide).
The GMR Group made historical past in September final yr by buying Hampshire Cricket, marking the primary occasion of a world firm taking possession of a county cricket group. As first reported by TOI on September 18, the group, owned by Kiran Kumar Grandhi, initially secured a 49% stake in Hampshire Cricket County.
GMR entered into an settlement to amass 100% of Hampshire Sport & Leisure Holdings Restricted (HSLHL), the dad or mum firm of Hampshire Cricket, with the acquisition set to be accomplished in phases over the subsequent 24 months.
The group has a robust presence in world cricket, having bought the Delhi Daredevils (now Delhi Capitals) IPL franchise in 2008. At the moment, GMR holds a 50% stake in Delhi Capitals (IPL and WPL), together with possession of the Dubai Capitals (ILT20) and Pretoria Capitals (SA20).
Past cricket, GMR’s sports activities portfolio extends to franchises within the Professional Kabaddi League and Final Kho Kho League. The group has additionally invested within the Seattle Orcas group in Main League Cricket (MLC), USA, additional strengthening its footprint in worldwide sports activities.