Gujarat Titans, IPL 2022 champions and IPL 2023 runners-up, Having stars like Shubman Gill, Mohammed Shami, and Rashid Khan, have had a remarkable record since their inception. However, the team is now set for a revamp as they might soon get a new owner. In the past, they have included T20 World Cup champion player like Hardik Pandya who led the team to victory in 2022 with a powerful performance.
Amidst talks of a change in ownership, there are also reports of Ashish Nehra, the current coach, leaving the franchise. As the GT owners take center stage, it’s important to know who they are and whom they might sell the franchise to.
Who are the owners of Gujarat Titans?
Gujarat Titans is owned by CVC Capital Partners in the IPL. According to reports, the franchise’s current net worth lies between $1 billion and $1.5 billion. CVC Capital Partners acquired the team in 2021 for ₹5,625 crore, and since then, there has been no looking back for this franchise.
CVC Capital Partners set to sell majority stakes to Adani
According to reports, Adani Group and Torrent Group are in talks with CVC Capital Partners to buy a majority stake in the Gujarat Titans, an Indian Premier League (IPL) team. It’s important to note that Adani and Torrent Group tried to buy the GT franchise in 2021 but eventually failed. Looking at the current scenario, it appears that CVC may sell the group to Adani Corporation. There is no doubt that the value of GT will now be higher, which could bring monetization benefits to CVC.
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