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Delhi Capitals Ownership Shakeup: GMR Proposes Shift as IPL 2026 Struggles Mount

Tanay Hughes · · 4 min read

A Franchise at a Crossroads

The Delhi Capitals have long been a storied, yet elusive, name in the Indian Premier League. As a foundation franchise that has participated in the tournament since its inception, the wait for a maiden title continues to weigh heavily on both the management and the passionate fanbase. However, the current IPL 2026 season has proven to be particularly grueling, with the team finding itself on the brink of playoff elimination after suffering six defeats in their first ten outings.

While the focus is often on the players’ performance on the pitch, the current crisis has brought the franchise’s unique ownership structure under the microscope. The Delhi Capitals are currently operated under a dual-ownership model, split between the GMR Group and the Jindal Group. In a rotating arrangement, these two entities have historically swapped the reins of franchise management every two years. Unfortunately, critics argue that this biannual shift has hampered the team’s ability to implement a coherent, long-term strategic vision.

The Proposal for Structural Stability

In response to the recurring instability, reports from Cricblogger suggest that the GMR Group is actively seeking a transition from the current two-year cycle to a more sustainable three-year tenure. The logic behind this proposal is sound: by extending the management cycle, the entity in charge would have ample time to oversee the squad-building process, particularly in alignment with the IPL mega auction cycles. A three-year window would allow management to recruit, nurture, and stick to a tactical roadmap without the pressure of an impending hand-off.

As it stands, the Jindal Group is slated to take control of the franchise operations in 2027. However, the anticipated end-of-season review between the two owners is expected to be a pivotal moment. Interestingly, the franchise’s history shows a stark contrast in performance under the different management regimes. While the Jindal Group’s tenure has seen the team make multiple playoff appearances, the GMR-led periods have often struggled to find similar consistency. Both parties will need to reconcile these historical trends with the urgent need for a unified future strategy.

The Kuldeep Yadav Conundrum

Beyond the boardroom drama, the immediate concerns on the field remain dire. The Delhi Capitals’ recent 8-wicket drubbing at the hands of the Chennai Super Kings (CSK) highlighted the tactical deficiencies currently plaguing the squad. Central to these struggles is the dip in form of star spinner Kuldeep Yadav, who has been a shadow of his former self throughout the 2026 season.

Statistically, the numbers are troubling: Kuldeep has managed only 7 wickets in 10 matches, with his economy rate ballooning past the 10-run-per-over mark. This lack of penetration and control in the middle overs has been a significant factor in the team’s inability to defend totals or restrict opponents.

Faith Amidst the Struggle

Despite the criticism directed at Kuldeep, head coach Hemang Badani remains steadfast in his support. Speaking to PTI, Badani emphasized the importance of backing a proven match-winner. “We would ideally want Kuldeep to be better than this, but we will rally around him,” Badani noted. “He’s been somebody who’s been a part of this side for many years. He can turn this around.”

The coach further explained the technical nature of the slump, stating that it is likely a matter of form rather than a permanent decline. “I think it’s more the case of just about somebody’s striking form. He hasn’t struck peak form yet. He hasn’t bowled at the speeds that he would normally bowl. It’s a question of time, and we have faith in him.”

As the Delhi Capitals look toward the remainder of the season, the combination of potential management reform and the hope for a return to form for key players like Kuldeep Yadav will define the next chapter of the franchise. Whether or not these changes are enough to salvage the season remains to be seen, but the clear message from the top is that the status quo is no longer an option.

Tanay Hughes

Tanay Hughes is a senior cricket correspondent for the Daily FT, Sri Lanka’s leading financial daily. Of Burgher descent, Hughes grew up steeped in the island’s rich literary and cricketing traditions. He covers the national team, the World Test Championship, and the domestic circuit with a special focus on spin bowling and the transformation of cricket infrastructure after the civil war. His work also explores the business side of the sport, including broadcasting deals and the financial pressures on smaller Test-playing nations. A Colombo native and University of Colombo graduate, Hughes is a regular voice on Sri Lankan television panels and contributes to The Cricketer and Wisden online.