GMR Group have, as expected, secured a stake in Southern Brave to conclude the ECB’s process of selling equity in the Hundred. GMR, co-owners of IPL team Delhi Capitals, were already the majority shareholders of host county Hampshire, having bought out former owner Rod Bransgrove last year.
It brings the number of Hundred teams bought into by IPL owners to four, after Northern Superchargers (Sun Group), Manchester Originals (RPSG Group) and Oval Invincibles (Reliance). The ECB’s hopes for a spread of investment from around the world had already been realised by deals for Birmingham Phoenix (Knighthead Capital), Welsh Fire (Sanjay Govil), London Spirit (Silicon Valley consortium) and Trent Rockets (Cain International).