News Nation Logo

Gautam Gambhir Reportedly Set To Be Co-Owner Of Delhi Capitals In IPL 2020

Gautam Gambhir, Who Has Had Success In The IPL With Kolkata Knight Riders, Played For Delhi Capitals Without Much Success But He Might Own A Stake In The Franchise For The Next Season.

News Nation Bureau | Edited By : Siddharth Vishwanathan | Updated on: 06 Dec 2019, 05:26:44 PM
Gautam Gambhir moved to the Delhi Capitals towards the fag end of his career but failed to replicate his success that he had in Kolkata Knight Riders.

New Delhi:

Gautam Gambhir is all set to make another big jump in his career after he retired from all forms of cricket in 2018. Gambhir, who is currently a BJP MP from East Delhi, could reportedly become the co-owner of the Delhi Capitals franchise for the 2020 edition of the Indian Premier League. According to a Times of India report, Gambhir has reportedly negotiated with the GMR group and is interested in purchasing 10 percent stake in the franchise. According to a source close to the development, Gambhir was discussing the matter for some months and the deal could be finalised once it gets clearance from the IPL Governing Council. For buying a 10 percent stake, Gambhir will have to pay an amount of Rs 100 crore.

The remaining 50 percent of the Delhi Capitals franchise is owned by the JSW Group, who became the co-owners in 2019 after paying Rs 550 crore. It was the JSW Group who changed the name from Delhi Daredevils to Delhi Capitals for the 2019 IPL and the team finished in an impressive third place. Delhi Capitals have had a busy trade-off period just before the auction which will begin on December 19 in Kolkata.

The franchise traded Ravichandran Ashwin from Kings XI Punjab and Ajinkya Rahane from Rajasthan Royals. With the acquisition of the two India players, the Delhi Capitals side look a lot more initimidating as they look to win the IPL for the first time. There are 11 slots available in the franchise and they have a purse of Rs 27.85 crores, which is the third lowest among all franchises. Gambhir declared his assets in the election affidavit before the 2019 Lok Sabha Polls.

According to an Economic Times report, Gambhir had total assets worth Rs 147 crore. Gambhir showed an income of nearly Rs 12.40 crore in the income tax returns filed for 2017-18. His wife Natasha Gambhir declared an income of Rs 6.15 lakh in the IT returns filed during the same period. Gambhir was the richest candidate Lok Sabha Candidate who was fighting from East Delhi and he won the seat.

Also ReadGautam Gambhir Trolled For Eating Jalebis In Indore As Delhi Air Pollution Worsens

Gambhir has won the IPL title twice by helping Kolkata Knight Riders to the title in 2012 and 2014. Gambhir made a move to Delhi Capitals but he could not replicate his form and he decided to opt out of the side without pay as he struggled in 2018. Gambhir retired from all forms of cricket in 2018 after the Ranji Trophy clash between Delhi and Andhra Pradesh at the Feroz Shah Kotla.

For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.

First Published : 06 Dec 2019, 05:26:44 PM