IPL 2024: Who Owns Gujarat Titans? What Is The Net Worth Of The Shubman Gill-Led Franchise?
IPL 2024: The Indian Premier League (IPL) isn't just a cricket tournament; it's a cultural phenomenon that captivates the nation every year. This year is no less. With the ranking table changing after every match, the IPL fever is at its peak.
One of the comparatively new teams, Gujarat Titans (GT) made its debut in 2022. It wasn¡¯t an ordinary one as the team went on to lift the winning trophy that very year. Ever since then, the franchise has amassed a massive following in a short span of time.?
Let¡¯s dive into some of the finer details of GT.?
Origin Of Gujarat Titans
GT made their debut in the 2022 IPL season and clinched their first-ever tournament victory. Led by former Mumbai Indians standout and dynamic all-rounder Hardik Pandya, GT reached the final in the IPL 2023 season and secured the top spot in the points table. This year, Shubman Gill took over as the captain of GT, while Pandya is now the captain Mumbai Indians.
Who Is The Owner Of GT?
GT was among the two franchises offered for auction in 2021, attracting significant interest from multiple companies. Ultimately, CVC Capital Partners secured the franchise rights with a winning bid of Rs 5,625 crores.
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CVC Capital Partners is a prominent French private equity and investment firm headquartered in Luxembourg. Established in 1981 by Donald Mackenzie, Jiri Zrust Zrust, Rolly van Rappard, and Steve Koltes, the company has emerged as a leading player in the global investment landscape. Managing funds for over 500 esteemed clients worldwide, CVC is renowned for its strategic investments and financial expertise.
With a global footprint spanning all continents, CVC employs nearly half a million individuals and oversees an impressive portfolio of assets valued at approximately US$133 billion. Beyond its ventures in the financial realm, CVC holds interests in various sports leagues, including the Rugby Union League of England and the United Rugby Championship.
Notably, CVC held a majority stake in Formula 1 for a decade. However, their approach drew criticism for prioritizing profits over the sport's overall development, eliciting backlash from enthusiasts and stakeholders alike.
As per speculations, it is believed that GT is owned by Jay Shah, the BCCI president but it isn¡¯t true. Gujarat being his hometown, he is often seen cheering for the team.?
Net Worth Of Gujarat Titans
As of 2022, the Gujarat Titans hold the position as the tenth most valuable IPL team, boasting an estimated worth of $850 million(Rs 7,172 crore). With their remarkable ascent to prominence and impressive performances in the IPL, this valuation is expected to further surge in the coming years.
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