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.
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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.
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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.