Gujarat Titans To Get New Owner? As CVC in talks to sell IPL’s Gujarat Titans stake for ‘US$1bn’
Adani & Torrent Group In Race To Buy Franchise. The current value of the Gujarat Titans franchise, which has featured in the last three IPL seasons, could be between $1 billion and $1.5 billion.
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📌 Private equity firm CVC Capital Partners is negotiating the sale of a controlling stake in the Gujarat Titans, an Indian Premier League (IPL) franchise.
💪🏼 Business giants Adani Group and Torrent Group are the main bidders for the Gujarat Titans ownership as the owners can promote their various business ventures, strengthen brand loyalty, and explore new revenue streams.
⏳ Despite selling its controlling stake, CVC is open to retaining a minority interest in the team to capitalise on current market conditions with its long-term investment strategy, ensuring it doesn’t completely exit a lucrative market.
❌ Any transaction would be delayed until 2025 due to the Board of Control for Cricket in India's (BCCI) lock-in period that restricts new teams from selling stakes.
🚀 The Gujarat Titans, founded in 2021, are now valued between US$1 billion and US$1.5 billion, a significant increase from CVC’s initial investment of ₹5,625 crore (US$745 million).
🎾 CVC manages €193 billion (US$210 billion) in assets globally, with investments in LaLiga, Ligue 1, the Women’s Tennis Association (WTA), and rugby union’s Six Nations.
🤑 Both Adani and Torrent previously bid for the Titans in 2021, offering ₹5,100 crore (US$610 million) and ₹4,653 crore (US$556 million) respectively, but were outbid by CVC.
🏏 Since 2021, Adani has expanded its cricket portfolio, including owning the Gulf Giants and acquiring an Ahmedabad-based Women’s Premier League franchise for ₹1,289 crore (US$158 million).
💡 Arvinder Singh, the Titans’ chief operating officer, anticipates profitability by the next IPL media rights cycle starting in 2028, with sponsorship revenues projected to grow by 24% YoY to ₹90 crore (US$10.8 million).
👨🏻💻 The IPL’s overall business valuation is now US$16.4 billion, driven by lucrative media rights and growing fan engagement, presenting a valuable opportunity for potential owners like Adani and Torrent to enhance brand recognition and leverage the league’s growth trajectory.
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Thanks for the share Vipul!