Gujarat Titans will play Chennai Super Kings in the IPL 2023 Final at the Narendra Modi Stadium in Ahmedabad, in light of this, have a look at who owns GT, the owner name and photo
The Indian Premier League (IPL), a prominent cricket league, is watched by millions of people worldwide. The final for 2023 is slated between Chennai Super Kings and the defending champions Gujarat Titans.
Gujarat Titans (GT) owner name, net worth, photo and company IPL 2023
The 𝗙𝗜𝗡𝗔𝗟𝗜𝗦𝗧𝗦 of #TATAIPL 2023 🏆
It's going to be the Chennai Super Kings facing the Gujarat Titans in the summit clash 🙌
BRING. IT. ON 😍 pic.twitter.com/FYBhhsN808
— IndianPremierLeague (@IPL) May 26, 2023
Do you know ?
GUJARAT TITANS is owned by CVC CAPITAL PARTNERS, a British private equity and investment advisory firm.CHENNAI SUPER KINGS is owned by INDIA CEMENTS Limited through the Chennai Super Kings Cricket Limited holding company.
Source – WIKIPEDIA
(1/2) pic.twitter.com/1Jq0ZddX71— TAXATION & INVESTMENT (@TAXATIONANDINV1) May 28, 2023
Indian Premier League, one of the most lucrative sports leagues in the world is played every summer. IPL matches are brief and exciting because they are played in a short-form T20 format.
The IPL prioritises entertainment above all else. However, there are additional elements that contribute to IPL’s popularity.
There are ten teams in the IPL, each of which represents a different Indian city or state. Fans adore cheering for their preferred team. Gujarat Titans, a brand-new franchise from the Gujarat state of India, debuted in the IPL in 2022. The team outperformed all predictions to win the 2022 IPL.
The victory catapulted GT into instant stardom, and in just one season, the team has amassed a considerable following. But do you know who owns the Gujarat Titans? Have a look:
Who owns the Gujarat Titans?
Gujarat Titans is a brand-new IPL team just founded in Ahmedabad, Gujarat, India.
In 2022, GT made its IPL debut and went on to win the debut match.
Hardik Pandya, a explosive all-arounder and former star for the Mumbai Indians, is the captain of GT. The team also proceeded to the IPL 2023 championship game and won the points race. GT was one of the two franchises up for sale in 2021.
Several companies competed for the franchise, but CVC Capital Partners won it with an offer of Rs. 5,625 crores ($700 million). Contrary to popular belief, Jay Shah, the president of the BCCI, does not own Gujarat Titans. Nevertheless, because Gujarat is his native state, he occasionally attends the games.
With an estimated value of $850 million as of 2022, Gujarat Titans is the tenth most valuable IPL team. That is bound to increase given the team’s quick surge to the top and IPL performances.
What is the CVC Capital Partners Group, the owner of Gujarat Titans?
French private equity and investing company CVC Capital Partners is based in Luxembourg. Jiri Zrust Zrust, Rolly van Rappard, Steve Koltes, and Donald Mackenzie started it in 1981.
The organisation, a leading investment firm worldwide, manages the funds of over 500 respected, blue-chip clients.
CVC employs around 500,000 people and has operations on every continent. They are in charge of assets valued about US$133 billion.
Two further sports leagues in which CVC has holdings are the Rugby Union League of England and the United Rugby Championship. They also possessed a majority stake in Formula 1 for ten years, however they faced criticism for putting profit ahead of the development of the sport.