JSW sports, the co-owners of Indian Premier League (IPL) franchise Delhi Capitals is keen on acquiring the full ownership of the team. With the 50 percent stake owned by GMR Group, the management of the company (JSW Sports) is looking for a right deal to claim a full stake in the Delhi side.
Speaking to The Economic Times, JSW Sports director and chairman of Delhi Capitals Parth Jindal said “As per our agreement, if GMR decides to sell, we have the first right. We are willing to buy full, but the price has to be right. Also, till the company is owned 50:50, every two years the chairman will change. I have presented my roadmap to the board and if I achieve the targets, I may be allowed to continue,”.
Ever since taking over 50 percent stake in the franchise, Jindal has brought in multiple changes, which includes bringing in completely new support staff on board, including the CEO.
“The deal closed with GMR on May 1 last year and the handover happened on August 6. This is the first time when we are running the franchise and since taking over, we have been planning on how to revive this team.”
The chairman also said that the aim of the new look Delhi team is to qualify for the playoffs. Delhi Capitals formerly known as Delhi Daredevils finished at the bottom of the league last season.
Jindal has made multiple changes to the team, starting with the support staff. “Only three key people are retained — coach Ricky Ponting, fast bowling coach James Hopes, and Praveen Ambre, who was batting coach but now is head of talent scout,” he said. “Rest, we have changed entire staff. We have brought in Mohammad Kaif as assistant coach.”
With young talents like Rishabh Pant, Shreyas Iyer and Prithvi Shaw along with the experienced Shikhar Dhawan, The Capitals will be looking to enter their maiden IPL final, which they have failed to do so in the 11 seasons of the league.