Delhi Capitals co-owner says past England flour was" common connection" with Rod Bransgrove
According to ESPNcricinfo, Kevin Pietersen was instrumental in negotiating the monument agreement between Hampshire and Delhi Capitals. After long conversations, Hampshire announced a new" proper relationship" with the GMR Group on Monday, which Pietersen hailed as a "historic morning in English cricket".
Pietersen, who played for Hampshire from 2005-10, spent three years under deal with the Delhi brand in the IPL, therefore called the Daredevils, and captained them in 2014. He has since maintained a personal connection with Kiran Kumar Grandhi, GMR's chair, and the couple attended England's T20I against Australia at the Utilita Bowl up earlier this month.
While Pietersen does not have any effective business interest in GMR or Hampshire, he is understood to have introduced the two factions to one another in an informal position. " HISTORIC DAY in English Cricket! Thanks to everyone on this journey", he wrote on X, in response to the contract's official statement. " It's only the start…. LFG! ] Let's f***ing go ]".
Rod Bransgrove, who chairs Hampshire's family firm, said that he had spent 18 months speaking to prospective buyers from" all over the world" and that "four or five" events had placed official requests. Bransgrove said that GMR were finally chosen because of their "ethos", "family orientation" and devotion to" social duty".
Bransgrove confirmed that Pietersen played a part in the package:" Kevin takes an senatorial role for GMR and we've truly spoken to him once or double. He's been quite interested in the potential for this because, naturally, he knows the GMR society, he knows our society, and he knows that they're really properly suited to each other. In that respect, yes, he has been involved".
Grandhi, whose brother Ruchir is also involved at Delhi, told ESPNcricinfo that Pietersen was" the typical link" between him and Bransgrove. " He is a good friend", Grandhi said. " He knows Rod. He knows me. He is the typical website: he is a common friend".
Does GMR get Southern Brave?
In order to privatize the Hundred, GMR are the front-runners to purchase a 49 % stake in Southern Brave, and they have expressed interest in working with Raine, a US investment bank, to manage the sales process. According to Bransgrove, the deal predates any debate about modifications to the Hundred's ownership structure and should not be seen as a company investment endeavor.
" When we struck this deal with GMR, we said that a part of our asset base is a one-nineteenth interest in the financial benefit of the Hundred competition, less a 10 % consideration which goes to the grassroots game", Bransgrove said. They analyzed that in order to determine the package's total price.
There has been a lot of discussion about granting 51 % of the host venue ownership and selling the remaining 49 %, and" will that prejudice that?" and all those sort of stuff. What we've inserted is that there will be an boost in the price that's been ascribed … in the event that we are awarded a company- which, of training, we've just been awarded in theory but way.
" This is still up in discussion because we need to find a bidder based on market value for the remaining 49 %." There will be a further-stage payment if a Hundred franchise is given to the Utilita Bowl or Hampshire Cricket during the time before final closing, but the agreement is not conditioned on the acquisition of a Hundred franchise.
If the franchise stays with Hampshire as anticipated, it could either be run entirely by GMR or as a joint venture with another business. " I've spoken to at least two other potential interest parties", Bransgrove said. " That's out of my gift, what happens to the 49 %, but it can only sell to a related party if it's at a true market value- which I'm certain that Raine will be monitoring".
Bransgrove: I want Hampshire at' top table'
In 2027, Bransgrove said the agreement was prompted by his desire to maintain the" top table" position at English cricket, which was embodied in the award of that match.
" It's going to be business as usual for Hampshire, except with the confidence of having GMR behind this", Bransgrove said. " We will start to gain from the expansion of cricket in the franchise format, although I ca n't disclose where," according to the statement "what will change over time is that we will begin to benefit from the franchise format's growth."
It's a fantastic opportunity in and of itself. Without a doubt, this nation is very resistant to change in particular. It's quite a traditional country, in fact, worse than that, we resent change. And some people will typically place their lives on the Hundred for everything.
" Clever businesses recognize the trends and position themselves to make the most of them in the direction of their businesses," I'm trying to accomplish. In my opinion, and I do n't think I'll be the last to do it, given how beneficial private ownership has been to the game as a whole.
Additional reporting: Nagraj Gollapudi.
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