Gmr group

Wales Cricket Board: Delhi Capitals' co-oners have agreed to buy a majority stake in English county side Hampshire worth 120 million pounds (which stands at Rd 1278 crores), says a report.

If approved, it will mark the first-ever time a county club in England will be owned by an overseas franchise.

"Under the terms of an agreement that has been passed to the England and Wales Cricket Board for ratification, the GMR Group is poised to take full ownership of Hampshire and a 51 per cent stake in the Southern Brave, with the option to complete a 100 per cent takeover of the Hundred franchise,” said a report in The Telegraph.