Hampshire will become the first English county to have overseas ownership after the club's parent company agreed the sale of a majority stake to GMR Group, an Indian infrastructure conglomerate that owns teams in various T20 leagues,

Hampshire on Monday has signed an acquisition agreement with GMR group, which owns Indian Premier League (IPL) franchise Delhi Capitals, to become the first English county side to have overseas owner.

In a landmark move that signals the increasing globalisation of cricket, GMR Group, co owners of the IPL franchise Delhi

GMR Group, co-owners of Delhi Capitals IPL team, has acquired a 53% stake in Hampshire County Cricket Club. Over the next 24 months, GMR plans to acquire full ownership. This marks the first overseas ownership in English county clubs.

As part of the agreement, GMR Group will initially acquire a majority stake in Hampshire Sport & Leisure Holdings Limited, with the completed acquisition of 100% ownership expected within the next 24 months.

Financial details of the transaction were not disclosed. People close to the matter pegged the total deal value at £43 million (Rs 483 crore). Initially, GMR will buy a 53% stake along with performance-linked incentives.

GMR Group, an Indian conglomerate who are co-owners of IPL franchise Delhi Capitals, have completed the takeover of a majori

Currently, GMR holds a 50 per cent stake in the Delhi Capitals (IPL and WPL), the Dubai Capitals (ILT20) and the Pretoria Capitals (SA20)

Rod Bransgrove was the owner and the majority shareholder up until the deal was completed. Referring to the multi million pound deal, the 73 year old said "It (Hampshire) can get to the top table of English cricket and the top table of world cricket and sustain that position.

The GMR Group, the newly unveiled owner of Hampshire, is "keen and open" to buying a majority stake in the Southern Brave franchise in the Hundred. That confirmation has come from Grandhi Kiran Kumar,