GMR Group, as planned, obtained a participation in Southern Brave to conclude the BCE equity sales process in the hundred. GMR, co -owner of the capital of the IPL Delhi team, were already the majority shareholders of Host County Hampshire, after having bought the former owner Rod Bransgrove last year.
GMR Group, an Indian infrastructure conglomerate, has teams in a number of T20 leagues around the world, including Delhi’s capitals in the IPL and WPL capitals, Dubai in ILT20, Capitals Pretoria in the SA20, as that the main investors of the MLC Side MLC Orcs de Seattle.
It brings the number of one hundred teams admitted by the owners of IPL to four, after Northern Superchargers (Sun Group), Manchester Originals (RPSG Group) and Invincible (Reliance). The ECB hopes for an investment spread from around the world had already been made by agreements for Birmingham Phoenix (Knighthead Capital), Welsh Fire (Sanjay Govil), London Spirit (Silicon Valley Consortium) and Trent Rockets (Cain International) .
GMR had become the first overseas owners of an English county when they concluded an agreement for the majority shareholding of Bransgrove last September. However, the acquisition does not guarantee a participation in Southern Brave, with a mechanism forcing to pay the fair market value of 49% brave before the ECB sanctioned the remaining 51% transferred to the Hampshire.
Brave won the first men of men in 2021, as well as finishing the finalists last year. In the women’s competition, they were twice finalists in 2021 and 2022, before lifting the trophy the following season.
Glamorgan to sell govil extra 1%
Glamorgan confirmed that he had concluded an exclusivity agreement with Sanjay Govil, the owner of the MLC Washington Freedom franchise at the start of the talks to finalize Govil’s investment in Welsh Fire. Glamorgan plans to sell 1% of the 51% transferred by the ECB as a Welsh Fire reception county, to “create an equal property division” with Govil.
The president of Glamorgan, Mark Rhydderch-Roberts, said: “It was of vital importance for us that any investment partner shared our values, our strategic and commercial objectives and our ambition to develop as an international brand. Washington Freedom has checked all the boxes and has been our favorite tenderer for some time, so we are delighted that they have chosen to associate with us.
“They share our conviction that Glamorgan and Welsh Fire have enormous potential and that Welsh fire, in particular, can become a global brand, opening commercial opportunities on a different scale in the whole spectrum of Welsh cricket.
“The growth of the global game and the role of the hundred in the engagement of new audiences, the transformation of the female game and the presentation of the best world talents means that we are really excited by the infinite opportunities that this partnership will present to both parties. »»
He said: “I am delighted with this next step in the renewal and expansion of cricket for the next generation of fans. I look forward to the advantages that our partnership will not only have for recreational cricket in the United Kingdom, but for strengthening the cross-border relationship between international teams, franchises and fans for years to come. »»