Yorkshire have already agreed to sell on their controlling 51 per cent share in Superchargers to the Sun Group, while RPSG have settled on a 70 per cent slice of the Originals as part of their deal with Lancashire.
The tech entrepreneur, who also owns reigning Major League Cricket champions Washington Freedom, has agreed a £40m fee for 49 per cent of the Welsh Fire brand.
A total of four IPL ownership groups have now claimed a foothold in the Hundred, with GMR’s interest in Delhi and the Brave following on from Reliance (Mumbai Indians and Oval Invincibles), Sun Group (Sunrisers Hyderabad and Northern Superchargers), and RPSG (Lucknow Supergiants and Manchester Originals).
GMR, the co-owners of Indian Premier League franchise Delhi Capitals and owners of the Brave’s host county Hampshire, have agreed to pay a reported fee of nearly £50m for the ECB’s 49 per cent stake of the team.
Proceeds from the 49 per cent shares will be used to provide a major cash boost to the recreational game in England and Wales, while the majority will be split between the 18 first-class counties and Marylebone Cricket Club.
