GT Team owner: Who is the owner of IPL 2022 Champions? Check here
Updated on: Feb 20, 2023 8:25 pm IST
GT Team owner: Gujarat Titans (GT) is a newly formed franchise in the Indian Premier League (IPL) and has quickly become one of the most talked-about teams in the competition. The team was purchased by the CVC Capital Partners for an astounding amount of ₹5625 crore, making them the rightful GT team owner. In this article, we will delve deeper into the ownership of the Gujarat Titans and understand the role of the CVC Capital Partners in this new venture.
Who are the CVC Capital Partners?
CVC Capital Partners is a private equity firm that was established in 1981. The company has grown significantly over the years and now has close to 700 employees working in offices around the world, including Asia, Europe, and North America. CVC has won multiple awards at the Private Equity International and Private Debt Investors Awards, making them a world leader in private equity.
CVC Capital Partners and GT ownership
The CVC Capital Partners made a surprising bid of ₹5625 crore to purchase the Gujarat Titans franchise. The bid was successful, and the team was named Gujarat Titans a couple of days before the IPL 2022 mega auction. Steve Koltes, Donald Mackenzie, and Rolly van Rappard were present during the bidding process and represented the CVC group. However, the company will remain as the rightful GT team owner.
Unlike many other IPL franchises that are owned by families or a group of families, Gujarat Titans is a rare entity that is owned by a private equity firm. This makes them unique and provides them with a different perspective and approach to owning and managing a team in the IPL.
How much do GT Team owner earn from IPL?
The Gujarat Titans franchise is yet to play in the IPL, and as a result, they have no income from the competition as of now. However, they have invested a significant amount of money in the team and will be hoping for a strong debut season in the 2022 IPL.
What can we expect from GT in the upcoming IPL?
The Gujarat Titans managed to build a strong team in the IPL 2022 mega auction and went on to win the 2022 season under the prolific leadership of Hardik Pandya. They will kick-off their title defense against 4-time IPL champions Chennai Super Kings on March 31, 2023.
Gujarat Titans IPL 2023 squad: Hardik Pandya (c), Shubman Gill, David Miller, Kane Williamson, Joshua Little, Abhinav Manohar, Sai Sudharsan, Wriddhiman Saha, Odean Smith, KS Bharat, Matthew Wade, Shivam Mavi, Urvil Patel, Rashid Khan, Rahul Tewatia, Vijay Shankar, Mohammed Shami, Alzarri Joseph, Yash Dayal, Pradeep Sangwan, Darshan Nalkande, Jayant Yadav, R Sai Kishore, Noor Ahmad, Mohit Sharma.
The Gujarat Titans are a new entrant in the Indian Premier League and are owned by the CVC Capital Partners, a private equity firm with a net worth of ₹5625 crore. The team has invested heavily in building a strong squad for the upcoming season and will be hoping to make a splash in their debut season. With some talented players and an experienced coach, the Gujarat Titans could prove to be a formidable opponent in the IPL.