The chairman of Hampshire County Cricket Club's parent company, Rod Bransgrove, has urged fans to "enjoy" the moment after a £120 million investment from the owners of an Indian Premier League team.

Hampshire became the first English county to have overseas ownership after the club's parent company agreed to sell to GMR Group, which owns the Delhi Capitals.

Speaking at a press conference on Monday, Mr Bransgrove, who rescued Hampshire from insolvency in 2000 and will remain in his position until at least 2026, has urged fans to "enjoy the moment".

He also added that the club would have access to an overseas franchise competition in November.

Mr Bransgrove said: "Nothing much is going to change here.

"Visually the members will have the same benefit, the membership fees won’t change because of this, parking charges won’t change, no jobs will be lost, it will be business as usual for Hampshire except having the confidence of GMR behind us.

"Now, what will change over a period of time is that we will start to benefit from proliferation of cricket around the globe in the franchise format.

"Already, although I can’t disclose where, it’s likely that we will participate in an overseas franchise competition in November, which otherwise we wouldn’t have been able to or wouldn’t have known about really without GMR.

"These are the opportunities that will represent more often, and people will have an opportunity to develop their careers in different countries, on and off the pitch."

The investment will see a reduction in the company's debts, and on Monday Mr Bransgrove called it the "fulfilment of a dream for me".

"I think it’s a great opportunity all round," he continued. "This country is quite resistant to change, it’s quite a traditional country.

"In fact, worse than that we resent change, and some people will tend to blame the Hundred for every single thing that goes wrong in their lives.

"My view about trends is that the clever businesses recognise the trends and position themselves to be able to exploit the trends to the benefit of their business and that’s what I’m seeking to do here.

"I don’t think I’ll be the last person to do it, and I think it’s going to be very good for Hampshire Cricket and ultimately to the game at large.”