Sport
Published: October 2, 2024 | Updated: 2nd October 2024
GMR Group (GGPL), co-owner of Indian Premier League team Delhi Capitals, has agreed to acquire a majority stake in the company behind Utilita Bowl – the home of Hampshire Cricket.
GGPL plans to set up the venue for “long-term growth and financial sustainability” as Hampshire Cricket becomes the first English club to join an international cricket group.
Rod Bransgrove, chair of Hampshire Sport & Leisure Holdings Group, said: “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’ve 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’ve 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 organisation, with the right people, to build on our proud legacy.”
The new owners hope to enhance the multi-sports and leisure facilities at Utilita Bowl, including the stadium, hotel and golf course.
They’ve also pledged to further the development of Hampshire’s cricket teams and pathways.
Grandhi Kiran Kumar, corporate chair of GMR Group: “What initially attracted me to Hampshire was the way it was run by Rod, 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.
“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.”
Rod is set to continue as group chairman until at least September 2026, while David Mann will retain his role as CEO.
They’ll work together with GGPL to develop short, medium, and long-term strategies for growing the club and its operations.
