Who is the owner of Gujarat Titans (GT) in IPL 2023? Name, Net Worth, Background

Gujarat Titans Owner 2023: The Indian Premier League (IPL) is a celebrated cricket championship that is watched by millions of viewers around the world. It’s one of the most profitable sports leagues globally and is held every year in the summer. IPL follows a short-form T20 playing format, resulting in brief and exciting games. Entertainment is the first and foremost priority of IPL. But that’s not the only reason why IPL has such a huge fan following.

Ten teams participate in IPL, each representing different cities or states of India. Fans like to cheer for their preferred team. The 2022 IPL saw the debut of a new franchise, Gujarat Titans, based out of the titular state of India. The team exceeded all expectations and emerged as the winner of the 2022 IPL. The victory catapulted GT into instant fame, and the franchise has amassed a huge fandom in just one year. But do you know who’s the owner of Gujarat Titans? Dive in to find out.

Related: 

• IPL 2023 Points Table
• IPL 2023 Winner: Chennai Super Kings (CSK)

Forever, for the fans! 🥳✨#IPL2023Final #Champion5 #WhistlePodu #Yellove 🦁 pic.twitter.com/tS7ubEpFgY

— Chennai Super Kings (@ChennaiIPL) May 29, 2023

Gujarat Titans (GT) Owner 2023

• Gujarat Titans is a new franchise of the Indian Premier League and is based out of Ahmedabad, Gujarat, India.
• GT debuted in the 2022 IPL and ended up winning its maiden IPL tournament. Former Mumbai Indians star and explosive allrounder Hardik Pandya is the captain of GT. The team also reached the final of IPL 2023 and topped the points table.
• GT was one of the two franchises put up for auction in 2021. Many companies were vying for the franchise, but CVC Capital Partners won the rights with a bid of ₹5,625 crores (US$700 million).
• Contrary to popular belief, Gujarat Titans is not owned by Jay Shah, the BCCI president. However, Gujarat being his home state, he does attend the games from time to time.
• As of 2022, Gujarat Titans is the tenth most valuable IPL team, with an estimated value of $850 million. That is bound to increase, given the team's meteoric rise to the top and IPL performances.

Related: Highest Team Score in IPL (2008 -2023)

What is the CVC Capital Partners Group, the owner of Gujarat Titans?

• CVC Capital Partners is a French private equity and investment firm based out of Luxembourg.
• It was founded in 1981 by Donald Mackenzie, Jiri Zrust Zrust, Rolly van Rappard and Steve Koltes.
• The firm is a leading investment company in the world and manages funds for over 500 top, blue-chip clients in the world.
• CVC has a presence in all the continents and employs nearly half a million people.
• They manage an estimated US$133 billion in assets.
• CVC also has stakes in multiple other sports leagues like the Rugby Union League of England and the United Rugby Championship.
• They also had a majority stake in Formula 1 for a decade but drew flak for focusing only on profits rather than the development of the sport.

Also Check: Highest Partnerships in IPL History (2008 - 2023)

Gujarat Titans in IPL

Gujarat Titans took everyone by surprise by finishing at the top of the points table in the 2022 IPL and qualifying for the playoffs. It was a new team of new players and with Hardik Pandya as a first-time captain.

No one expected GT to make it to the finals, much less win it. GT defeated Rajasthan Royals in the finals. The team looks to repeat the feat in the 16th season of IPL as well.

In IPL 2023, Gujarat Titans ended the league stage at the top of the points table and qualified for the playoffs with ease. GT thrashed Mumbai Indians by 62 runs in Qualifier 2 to book its spot in the final.

Gujarat Titans will face Chennai Super Kings in IPL 2023 final. The two teams previously clashed in qualifier 1, where CSK beat GT by 15 runs. However, the overall playing record is still in GT's favour. Pandya and team will seek to avenge their previous loss and defend their IPL title.

Gujarat Titans Coaches and Full Support Staff 2023

The home ground of the Gujarat Titans is the Narendra Modi Stadium in Motera, Ahmedabad.

You can check the full 2023 squad of Gujarat Titans below.

IPL Owners 2023 List