Gujarat IPL team owner: A Look into the CVC Capital Partners’ Ownership
Updated on: Feb 20, 2023 8:26 pm IST
Gujarat IPL team owner: The Indian Premier League (IPL) has become one of the most popular T20 cricket leagues in the world, attracting both domestic and international players. In the 2022 season, a new team named Gujarat Titans (GT) entered the competition, owned by the private equity firm, CVC Capital Partners. In this article, we will take a closer look at CVC Capital Partners and their role as the GT team owner.
Gujarat IPL team owner: Who is CVC Capital Partners?
CVC Capital Partners is a private equity firm founded in 1981 with offices around the world, including Europe, Asia, and North America. The firm has grown significantly over the years, with nearly 700 employees working for them.Gujarat IPL team owner CVC has received multiple awards at the Private Equity International and Private Debt Investors Awards, establishing its position as a leading private equity firm globally.
CVC Capital Partners and GT Ownership
In a surprising move, CVC Capital Partners made a successful bid of ₹5625 crore to purchase the Gujarat Titans franchise. Steve Koltes, Donald Mackenzie, and Rolly van Rappard represented the CVC group during the bidding process. While it is unusual for a private equity firm to own a sports team, it is not unprecedented, with other global private equity firms like KKR owning sports teams.
Also Read: IPL Match Schedule: Defending Champions Gujarat Titans to kick-off IPL 2023 against CSK. Check full schedule
GT as a Unique Entity
Gujarat Titans is a unique entity in the IPL since it is owned by a private equity firm, and not by a family or a group of families. This ownership structure provides GT with a different perspective and approach to owning and managing a team in the IPL.
GT Team Owner’s Earnings
The Gujarat Titans have not yet earned any income from the IPL since they have not played in the competition before. The team has invested a significant amount of money in building a strong squad for the upcoming season and will be hoping for a successful debut season in the 2023 IPL.
What to Expect from GT in the 2023 IPL
The Gujarat Titans had a successful season in the 2022 IPL, winning the championship under the captaincy of Hardik Pandya. The team has built a strong squad for the 2023 season, including players like David Miller, Kane Williamson, and Rashid Khan. The team will start their title defense against the Chennai Super Kings on March 31, 2023.
Gujarat Titans IPL 2023 squad: Hardik Pandya (c), Shubman Gill, Wriddhiman Saha, Matthew Wade, David Miller, Abhinav Manohar, Urvil Patel, Joshua Little, Sai Sudharsan, Rashid Khan, Rahul Tewatia, KS Bharat, Shivam Mavi, Mohit Sharma, Vijay Shankar, Mohammed Shami, Alzarri Joseph, Yash Dayal, Pradeep Sangwan, Darshan Nalkande, Jayant Yadav, R Sai Kishore, Noor Ahmad, Kane Williamson, Odean Smith.
The Gujarat Titans are a new entrant in the IPL and are owned by CVC Capital Partners, a private equity firm. The team has invested heavily in building a strong squad and is hoping to make an impact 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.
Also Read: Gujarat Titans T Shirt: All the Details