• Historic deal creates first foreign-owned cricket county
• Hampshire group chair welcomes ‘exciting opportunities’

The Indian multinational behind the Indian Premier League’s Delhi Capitals has become the first overseas owner of an English county after taking a majority stake in Hampshire.

The historic £120m deal, which has been approved by the England and Wales Cricket Board, will see GMR Group take an immediate majority stake in Hampshire with the aim of completing a 100% takeover in the next two years.