Win Projections to be updated soon
Reportedly, CVC Capital Partners intends to sell off the majority of their 1–1.5 billion dollar holding in the Gujarat Titans, an IPL team. The Economic Times reports that CVC is in negotiations to sell a majority stake in the franchise to the Adani Group and the Torrent Group.
One year before the Gujarat Titans made their IPL debut, in 2021, the firm paid an incredible INR 5625 crore to acquire the majority of the team. A four-year lock-in period that was associated with the ownership is about to end.
The owners are prohibited by the BCCI from selling the majority interest prior to the lock-in period. In addition, CVC Capital Partners intends to sell the franchise when the lock-in expires in February 2025. It’s also important to remember that the Adani Group and the Torrent Group originally placed bids of INR 5,100 crore and INR 4,653 crore, respectively, for the franchise.
Gujarat Titans want to have another prosperous IPL season in 2025.
The Gujarat Titans, in the Indian Premier League, have had remarkable success. The Hardik Pandya-led Titans won the championship on their first try after making their debut in 2022. They maintained their incredible run the next year, topping the group-stage table once more and making it to the tournament’s summit battle. They lost against MS Dhoni’s Chennai Super Kings in the championship match, though, therefore they were unable to claim the trophy.
Also Read: Reports: BCCI receives assurances from Virat Kohli that working with head coach Gautam Gambhir will be easy
Following Pandya’s trade to the Mumbai Indians, Shubman Gill led Gujarat in the 2024 Indian Premier League. The team ended the season in seventh place, having suffered a dismal season. They do, however, intend to perform better in the IPL in 2025.
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