GMR Group Acquires Stake in Southern Brave, Finalizing ECB’s Equity Distribution for The Hundred
GMR Group’s Strategic Move in The Hundred: A Game-Changer for Southern Brave
In a significant development for cricket enthusiasts, GMR Group has acquired a stake in Southern Brave, successfully completing the ECB’s equity distribution for The Hundred. This acquisition marks Southern Brave as the fourth team in the tournament with ties to the Indian Premier League (IPL), joining the ranks of Northern Superchargers (Sun Group), Manchester Originals (RPSG Group), and Oval Invincibles (Reliance).
A Historic Acquisition
GMR Group made headlines last September by securing majority ownership of Hampshire Cricket, a landmark move that made it the first international company to own a county cricket team in England. This acquisition was a strategic step for GMR, which co-owns the IPL franchise Delhi Capitals. The group initially purchased a 49% stake in Hampshire Cricket County and has plans to fully acquire Hampshire Sport & Leisure Holdings Limited (HSLHL) over the next two years.
Diverse Global Investments
The ECB has successfully attracted a variety of global investors, enhancing the profile of cricket in the UK. Notable partnerships include Birmingham Phoenix (Knighthead Capital), Welsh Fire (Sanjay Govil), London Spirit (Silicon Valley consortium), and Trent Rockets (Cain International). This diverse investment landscape not only boosts the financial aspects of the teams but also enhances the overall cricketing experience for fans.
GMR’s Expanding Sports Portfolio
Beyond cricket, GMR Group has broadened its sports portfolio, owning franchises in the Pro Kabaddi League and the Ultimate Kho Kho League. Furthermore, their investment in the Seattle Orcas team in Major League Cricket (MLC) demonstrates GMR’s commitment to expanding its footprint in international sports.
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