Explorer

Gujarat Titans To Get New Owners? Shubman Gill-Led Side Could Be In For Major Revamp Ahead Of IPL 2025

Gujarat Titans To Get New Owners Ahead Of IPL 2025? CVC Capital Partners are in talks with a couple of business groups for the sale of majirty stake in the IPL franchise GT.

Gujarat Titans (GT) are currently owned by CVC Capital Partners. Even though the franchise has had a good time in the 3 years that they have participated in with the team going to win the tournament in its maiden season before making it to the final in the subsequent season. Both these seasons, the team played a under the captaincy of Hardik Pandya who was traded to Mumbai Indians (MI) ahead of IPL 2024.

GT, meanwhile, was forced to appoint a new captain and they trusted Shubman Gill for the role. The team, however, failed to replicate the success they had in the past two seasons and finished eighth. And now, off the field too, there could be a major revamp as CVC Capitals are looking to sell a major stake of the franchise, still holding on to a minority stake.

READ HERE | IPL 2025: Auction, Venues, Dates, Teams And All You Need To Know

CVC Capital Partners In Talks With Adani, Torrent Group For Sale Of Controlling Stake In GT

A report carried by Economic Times claimed that CVC Capital Partners are in discussion with the Adani Group and Torrent Group regarding the sale of the majority stake in the Indian Premier League (IPL) franchise. It is pertinent to note that while the lock-in period was set by the Board of Control for Cricket in India (BCCI) which prevents new teams from selling stakes, that is set to end in February 2025.

"Having missed out on the opportunity to own IPL's Ahmedabad franchise in 2021, both Adani and Torrent are now eager to buy a majority stake in Gujarat Titans. For CVC, it is a good opportunity to monetise its stake in the franchise," an official in the know how of the discussions between the companies was quoted in the report.

ALSO READ | 'Politics Won': Fans Express Outrage As Ruturaj Gaikwad Overlooked For IND vs SL Series

Houlihan Lokey, an American investment bank and financial services company, listed GT at the eighth place, in terms of overall brand value. Chennai Super Kings (CSK) topped the list with a brand value of $231 million.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'India-Guyana Ties Made Of Soil, Sweat': PM Modi At Guyanese Parliament, Says 'Democracy First, Humanity First'
'India-Guyana Ties Made Of Soil, Sweat': PM Modi At Guyanese Parliament, Says 'Democracy First, Humanity First'
Maharashtra: Two Latest Exit Polls Show Landslide Victory For Mahayuti, BJP To Emerge As Largest Party
Maharashtra: Two Latest Exit Polls Show Landslide Victory For Mahayuti, BJP As Largest Party
Pakistan: Over 50 Killed, 20 Injured As Militants Open Fire On Passenger Vehicles In Khyber Pakhtunkhwa
Pakistan: Over 50 Killed, 20 Injured As Militants Open Fire On Passenger Vehicles In Khyber Pakhtunkhwa
International Criminal Court Issues Arrest Warrants Against Israeli PM Netanyahu, Ex-Minister Gallant
Arrest Warrants Issued Against Israeli PM Benjamin Netanyahu, Ex-Minister Gallant
Advertisement
ABP Premium

Videos

India Emerges as G20's Growth Leader, Check Out the Latest GDP Rankings | ABP NewsAirtel-Nokia Partnership: Nokia’s Spectacular Comeback, Shakes Up the Telecom Sector | ABP NewsAdani Group in Turmoil: Bribery Scandal Rocks Shares, Plunge by 20% | ABP NewsPLI Scheme: Transforming India's Manufacturing Sector into a Global Powerhouse

Photo Gallery

Embed widget