JSW, GMR Group split up their stake in cricket

The Delhi Capitals IPL and WPL clubs’ cricket operations would be divided between the two ownership groups on a two-year rotating basis.

| Updated: 17 October, 2024 7:05 pm IST
Photo Illustration: Swastik Sharma

NEW DELHI: The Delhi Capitals IPL (Men) and WPL (Women) clubs’ cricket operations would be divided between the two ownership groups on a two-year rotating basis, according to a statement made by GMR Group and JSW Group. The calculated action intends to maximize team-wide operational effectiveness under the Delhi Capitals franchise’s ownership.

Under the terms of the agreement, JSW Sports will oversee the Delhi Capitals Women’s team’s operations while GMR Group will manage the team’s cricket activities for the following two years. When JSW Sports takes over the Men’s team’s operations in 2027, the roles will be reversed. Nonetheless, the Delhi Capitals’ administration will continue to oversee the franchise’s business affairs.

 

ALSO READ: Franchise tactics, star signings dominate 2024/25 HIL auction

 

The senior leadership of both organizations will work together to decide on important choices such as player releases, auctions, captaincy, and team retention. These decisions will be taken by the Delhi Capitals board.

GMR Group, along with the “Delhi Daredevils” club, was one of the original IPL franchises in 2008. After rebranding the team as the Delhi Capitals, JSW Sports and GMR Group formed a 50:50 agreement in 2018 to co-own the IPL franchise. The Delhi Capitals have played in every competition since 2008; in the first two seasons, they made it to the semifinals, and they have qualified for the playoffs numerous additional times. The team finished the season as second runners-up in 2019, which was a record-breaking performance. In 2020, the Capitals had even more success by reaching the IPL final.

 

ALSO READ: PM Modi inaugurates Abhidhamma Divas, celebrates Pali recognition

 

The women’s squad, which was bought in 2023, has advanced to the championship game in each of the previous two Women’s Premier League seasons. Apart from the Indian Men’s and Women’s IPL teams, GMR Group will still manage the Dubai Capitals in the ILT20 competition, while JSW Sports will oversee the Pretoria Capitals in the SA20 South African competition.

The Delhi Capitals squad competes in the Women’s Premier League (WPL) as well as the Indian Premier League (IPL). Delhi Capitals, which are jointly owned by the GMR Group and the JSW Group, were first founded in 2008 as the Delhi Daredevils and adopted a new look in 2019. In 2020, the team reached its first-ever final. In 2023, Delhi Capitals became one of the five founding teams to participate in the Women’s Premier League. The team has reached the final in both editions of the tournament so far.

 

Also Read Story

Five terrorists killed in Kulgam encounter

Amit Shah slams Congress on reservation, predicts 15 years in opposition

Shankar Mahadevan: with Zakir Hussain gone, Tabla will never sound same again

6.68% of Indians filed ITRs in FY 2023-24, slight rise from last year