Gautam Gambhir could co-own Delhi Capitals, says report

Gambhir is understood to be in talks with the existing franchise stakeholders.

Gautam Gambhir | GettyIf reports are to be believed, former India opener Gautam Gambhir could become the co-owner of IPL franchise Delhi Capitals. Gambhir is understood to be in talks with the franchise's 50% stakeholders GMR group for the last few months, says a report in TOI. The JSW sports holds the next 50% stakes. 

The negotiations have been held and only a clearance from the BCCI and IPL governance is awaited. Gambhir wishes to a buy a 10% stake, that could be of a value amounting to INR 100 crores. 

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When the JSW sports bought the 50% stakes last year and rebranded the franchise from Delhi Daredevils, as it was previously called, the money it spent to do so was measured around INR 550 crores. 

Gambhir, today a BJP MP from East Delhi, wasn't available for comment to TOI but a source close to the matter said the talks are definitely on and the details will be revealed after a formal signing of the agreement. 

"The matter has been discussed for the last few months and it is only a matter of days," a source said.

The left-hander played close to 250 international games for the country and had a storied IPL career as well until his retirement. He also led Delhi Capitals in his final season in the cash-rich league.

(Inputs from TOI)

 
 

By Kashish Chadha - 06 Dec, 2019

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