IPL 2025 is still a fair distance away, but the rejigs have already started taking place. First, we saw a few teams make changes in the coaching staff, and now very soon, it will be time to see a new owner. Yes, as per reports, Ahmedabad-based Torrent Group is all set to acquire a majority stake in the IPL team Gujarat Titans. The understanding has been reached with CVC Capital Partners.
The report in The Economic Times further suggests, that the Adani Group was also in the running for a stake in the Gujarat Titans, but didn’t go forward with it. Meanwhile, the formal deal can only be signed once the lock-in period ends. Meanwhile, CVC is expected to hold a minority share in the team, that is valued at over $1 billion.
It must be noted that the Adani Group, which eventually backed out, had also placed an unsuccessful bid of the IPL franchise in 2021, with bid of Rs 5,100 Crore. On the other hand, the Torrent Group had bid for the team at Rs 4,653 crore.
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CVC has various investments in the sports ecosystem, like in the LaLiga, Premiership Rugby and Volleyball World. In fact, they had won the bid for GT in 2021, at a staggering price of Rs 5,625 Crore.
Gujarat Titans in IPL
GT is one of the more successful teams in the IPL roster. In their first two years, they made as many finals under the leadership of Hardik Pandya. They also won the title in 2022. But their 2024 season was a poor one, where they finished eighth in the IPL points table.
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