Team captain named, GMR sells 50% stake in Delhi Daredevils to JSW Sports

The IPL franchise from Delhi will now be jointly owned by GMR and JSW Sports

A day after announcing its captain for the 2018 edition of the Vivo Indian Premier League, GMR Group has announced the sale of 50 per cent stake in Delhi Daredevils. The franchise, which is owned by GMR Group through GMR Sports, will now be owned equally by GMR and JSW Sports through a 50:50 partnership.

GMR Sports Private Limited (GSPL) is owned by the Promoters of the GMR Group. On consummation of the transaction, JSW Sports Private Limited will hold 50 per cent stake in GSPL. The sale is subject to approval from BCCI and satisfaction of other customary