Gujarat Owner IPL: CVC Capital Partners
Published on: Feb 20, 2023 1:13 pm IST|Updated on: Feb 20, 2023 1:13 pm IST
The Indian Premier League (IPL) is the most popular T20 cricket league in the world, and it has attracted several franchise owners from India and abroad. CVC Capital Partners is one such international owner that has invested in the Gujarat Titans franchise. The Gujarat Titans are one of the most successful teams in the IPL, having won their first championship in the 2022 season. In this blog, we will take a closer look at Gujarat Owner IPL, CVC Capital Partners, and their investment in the franchise.
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Gujarat Owner IPL
CVC Capital Partners is a private equity and investment advisory firm that was founded in 1981. The company is based in Luxembourg, and it manages more than $111 billion in assets across various industries, including healthcare, education, and technology. CVC Capital Partners has a global presence with 23 offices in Europe, Asia, and the Americas. The company has a proven track record of investing in successful businesses and generating significant returns for its investors.
CVC Capital Partners’ investment in the Gujarat Titans
CVC Capital Partners acquired the Gujarat Titans franchise in the IPL in 2020. The company bought a majority stake in the franchise from its previous owners, the Adani Group. The deal was worth around $400 million, and it made CVC Capital Partners the first international owner of an IPL team. The Gujarat Titans franchise was renamed from Gujarat Lions to Gujarat Titans after CVC Capital Partners took over.
CVC Capital Partners’ investment in the Gujarat Titans was driven by the growing popularity of the IPL and the potential for significant returns on investment. The IPL is the most lucrative cricket league in the world, with a massive fan following and lucrative broadcasting rights deals. The league has also attracted a host of big-name sponsors, which have helped to boost the revenue of IPL franchises. CVC Capital Partners saw an opportunity to invest in a successful IPL franchise and build on its success in the league.
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