The GMR Group has officially secured a majority stake in Southern Brave, marking another significant investment in global franchise cricket. The move comes as part of the England and Wales Cricket Board’s (ECB) sale of equity in The Hundred, with Southern Brave being valued at approximately £98 million. This acquisition adds to GMR’s already extensive cricket portfolio, reinforcing the increasing influence of IPL franchise owners in international cricket leagues.
Details of the Southern Brave Acquisition
GMR Group is an Indian infrastructure conglomerate with a strong presence in the cricketing world. They co-own the Delhi Capitals in the IPL and WPL, and also operate teams in leagues such as: Dubai Capitals (ILT20), Pretoria Capitals (SA20), Seattle Orcas (MLC). This latest investment in Southern Brave strengthens their footprint in franchise cricket and highlights their long-term vision for the sport.
GMR’s acquisition of Southern Brave was a two-step process: first, they became the first overseas owners of an English county by acquiring Hampshire’s majority stake last year; then, they secured the ECB’s remaining 49% stake, finalizing their control of the franchise. With this, GMR now owns the Southern Brave outright, ensuring full autonomy over the team’s future.
The ECB’s Equity Sale in The Hundred
The ECB’s decision to sell stakes in The Hundred franchises aimed to attract private investment and grow the competition’s commercial appeal. The auction saw IPL team owners secure stakes in multiple teams, including: Northern Superchargers (Sun Group), Manchester Originals (RPSG Group), Oval Invincibles (Reliance). This shift towards private ownership mirrors global franchise models seen in leagues like the IPL and Major League Cricket.
Financial Impact of the Sale
With more than £450 million raised and The Hundred’s total valuation nearing £1 billion, this sale has exceeded expectations. The financial boost is expected to:
Southern Brave has been a dominant force in The Hundred: Men’s Team: Winners in 2021, runners-up in 2023. Women’s Team: Two-time runners-up (2021, 2022), champions in 2023. With GMR’s backing, the team is set for further growth and potential dominance in the league.
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