The GMR Group, co-owners of IPL franchise Delhi Capitals, has agreed to a deal with English county team Hampshire to buy its major shares worth 120 million pounds (approximately Rs 1278 crore). Hence, Hampshire will become the first county side to be owned by an overseas entity, as the GMR Group will now have control over 51 per cent of the team's shares. "The Delhi part-owners are understood to have beaten a second bid from rival Indian Premier League franchise Lucknow Super Giants with an offer which values Hampshire at 120 million pounds, although that price includes the club's debts of around 60 million pounds," the Telegraph reported.