IPL team Gujarat Titans owner. Who is the Owner of GT in IPL?

IPL team Gujarat Titans owner: The Gujarat Titans were crowned as the winners of their maiden season in the Indian Premier League (IPL 2022). It was the first time since 2011 that the league had expanded to 10 teams. The ownership of the Gujarat Titans sparked interest among fans. In response, the Board of Control for Cricket in India (BCCI) organized an auction in October 2021 and invited investors globally to bid for the two franchises. The RPSG Group, who previously owned the Rising Pune Supergiant, made a remarkable bid of INR 7,090 crore to acquire the Lucknow franchise. Meanwhile, the Gujarat franchise was secured by the overseas equity firm, CVC Capital Partners, known as the IPL team Gujarat Titans owner.

IPL team Gujarat Titans owner. Who is the Owner of GT in IPL?

The Gujarat Titans in the Indian Premier League are owned by the renowned British private equity and investment firm, CVC Capital Partners. With total assets worth over $75 billion, CVC Capital Partners is one of the largest investment firms in the world, having expanded its operations in Europe and Asia. CVC Capital Partners was established as a separate entity in 1981, after Citicorp, the popular banking firm, decided to establish an investment firm. Over the years, CVC Capital Partners has become a leading investment firm in Europe, acquiring several notable companies including IT security company Avast, luxury watch-maker Breitling SA, British automobile company RAC, and pet supplies retail chain Petco.

When the Board of Control for Cricket in India (BCCI) invited investors to participate in the auction for two new franchises, CVC Capital Partners showed great interest in being a part of the Indian Premier League. The British firm made an INR 5,625 crore bid to secure the Ahmedabad franchise and became the Gujarat Titans owners.

However, CVC Capital Partners faced a major obstacle before they could start the operations of the Gujarat Titans. Tipico, a world-renowned sports betting and gambling organization, is a portfolio company of CVC Capital Partners. This raised a major conflict of interest considering the history of the Indian Premier League and was pointed out by former IPL chairman Lalit Modi on social media.

The BCCI asked CVC Capital Partners to provide an explanation and after a thorough investigation, the private equity firm confirmed that Tipico is a part of the European wing of the CVC group and will remain completely independent and disconnected from the Asian wing, which made the investment on the Gujarat Titans. The BCCI deemed their participation valid and announced the team name just a few days before the auction.

IPL team Gujarat Titans owner, CVC Capital Partners’ investment in the Gujarat Titans is a testament to their commitment to investing in high-growth markets and sports leagues. With its vast resources and expertise, CVC Capital Partners is well-positioned to help the Gujarat Titans become one of the top teams in the Indian Premier League. With its presence in several countries, CVC Capital Partners can bring a global perspective to the team and provide the resources required to help the team succeed.

In conclusion, the inclusion of the Gujarat Titans in the Indian Premier League has created a lot of excitement and anticipation among cricket fans. With CVC Capital Partners as the owners, the team is well-positioned to make a strong impact in the tournament and establish itself as a leading team in the Indian Premier League.

Gujarat Titans have already proven themselves with a victory in their maiden tournament. With IPL 2023 now fast approaching, bookmakers have set very favorable IPL winner betting odds for Gujarat Titans to lift another cup.

Gujarat Titans have already proven themselves with a victory in their maiden tournament. With IPL 2023 now fast approaching, bookmakers have set very favorable IPL winner betting odds for Gujarat Titans to lift another cup.

In the year 2021, the Board of Cricket Control in India (BCCI) announced an opportunity for new teams to join the Indian Premier League (IPL). This received an overwhelming response as 22 teams expressed their interest to participate. However, after a thorough evaluation, only 6 teams were shortlisted, and out of these, the Irelia Company Pte Ltd, owned by CVC Capital Partners, emerged as the winner. They secured the ownership rights of the Gujarat Titans team by paying a whopping amount of INR 5625 crore, equivalent to $700 million. This victory was significant as CVC Capital Partners beat the well-known Glazer family, the owners of Manchester United, to become the owners of Gujarat Titans. This gives a clear indication of their financial prowess and the level of their commitment towards investing in the sport.