DTVHINDIIPL: Gujarat Titans franchise may be sold soon, apart from Adani Group, this company is in the race
In the year 2021, the franchise was bought by CVC Capitals Partner Group for Rs 5625 crore for four years. Gujarat Titans (Image Credit- Twitter X) A big news is coming out from the IPL world. Let us tell you that CVC Capital Partners, which owns the Gujarat Titans franchise, has expressed its desire to sell most of the stake in the team. It is worth noting that in the year 2021, CVC bought the franchise for four years by paying a huge amount of Rs 5625 crore. At the same time, as per the rules framed by BCCI for IPL, any company which buys the ownership of IPL franchise cannot transfer its stake to any other company before the prescribed lock-in period. Whereas this lock-in period of CVC Capital Partners is ending in February 2025. Also, if the media reports of Economic Times are to be believed, Adani Group and Torrent Group have shown interest in buying the ownership of Gujarat Titans franchise. CVC Group now wants to exit the ownership of the company, while Adani Group has made a bid of Rs 5100 crore and Torrent Group has made a bid of Rs 4653 crore to acquire new ownership. Well, now it will be interesting to see which group is going to take the ownership of Gujarat Titans team? Gujarat Titans will have their eyes set on IPL 2025 On the other hand, if we talk about the performance of Gujarat Titans team in IPL, the team has played a total of 3 seasons so far, in which it has performed brilliantly. In 2022, the team won the IPL title in its debut season itself, while it was the runner-up of IPL 2023. However, the team’s performance in IPL 2024 was not very good. The one-time champion team was able to win only five out of the 14 matches played. So now its eyes will be on improving its performance in the upcoming season of IPL.
