Although new to the IPL, the Gujarat Titans exceeded expectations by winning the 2022 title, quickly gaining immense popularity and a large fan base. But who owns the Gujarat Titans?
Who Owns Gujarat Titans?
The Indian Premier League (IPL) is one of the world’s most popular and profitable cricket leagues, captivating millions of viewers globally. Known for its thrilling T20 matches, the IPL combines entertainment with immense financial value. Owning a team in the IPL comes with significant responsibilities, including player recruitment, coaching staff decisions, budget management, and media relations. Team owners play a crucial role in shaping the franchise’s success and reputation, making important decisions that affect performance both on and off the field.
The ownership of an IPL team also involves maintaining a positive image globally and managing a variety of complex operational challenges. Since its inception in 2008, the IPL has seen changes in team ownership, but some owners have stayed consistent in leading their teams to success. With ten teams representing different cities across India, including Chennai Super Kings, Delhi Capitals, Mumbai Indians, Kolkata Knight Riders, and others, fans passionately support their favorite teams throughout the season. The Gujarat Titans, a new franchise, debuted in the 2022 IPL, quickly rising to prominence by winning the tournament in their first year and gaining an enormous fan following.
The Gujarat Titans Ownership Story
The Gujarat Titans, based in Ahmedabad, made an explosive entry into the IPL in 2022 and took the cricketing world by surprise by securing their first-ever IPL title. Led by former Mumbai Indians star Hardik Pandya, the team continued to impress in the 2023 season by reaching the final and topping the points table. As of 2024, they remain a strong contender in the IPL. The Gujarat Titans were part of the auction in 2021, where various companies placed bids. Ultimately, CVC Capital Partners won the rights to the team with a bid of Rs 5,625 crores (US$700 million).
CVC Capital Partners, a global investment firm, owns the Gujarat Titans. The company, represented by Steve Koltes, Donald Mackenzie, and Rolly van Rappard, secured the franchise during the bidding process. Despite their involvement, the team ownership belongs to CVC Capital Partners, a firm with a significant presence across Asia, Europe, and North America. As of 2022, the Gujarat Titans were valued at $850 million and are expected to continue growing in value given their rapid success in the IPL.
CVC Capital Partners
prominent private equity and investment firm, was founded in 1981 by Donald Mackenzie, Jiri Zrust, Rolly van Rappard, and Steve Koltes. Originally based in Luxembourg, the firm has grown into a key player in the global investment arena.
Since its entry into the Asian market in 1999, CVC has expanded its reach significantly, managing funds for over 500 esteemed clients across the globe. The firm has completed more than 80 acquisitions in the region alone, further cementing its global presence. With $198 billion in assets under management (AUM), CVC oversees a diverse portfolio through seven strategic investment areas: CVC Europe/Americas, CVC Asia, strategic opportunities, growth, secondaries, credit, and infrastructure.
CVC Capital Partners net worth
CVC Capital Partners originated in 1981 as the European division of Citicorp Venture Capital, the venture capital branch of Citigroup. In 1993, a group of cofounders, including Donald Mackenzie, Rolly van Rappard, and Steve Koltes, acquired the business and rebranded it as CVC Capital Partners. In 1996, the firm raised its first $630 million fund, marking a strategic shift toward private equity.
Here is the coaching and support staff lineup for the Gujarat Titans in 2024:
- Captain: Shubman Gill
- Coach: Ashish Nehra
- Director of Cricket: Vikram Solanki
- Team Manager: Satyajit Parab
- Batting Coach and Mentor: Gary Kirsten
- Assistant Coach: Naeem Amin
- Assistant Coach: Mithun Manhas
- Spin Bowling Coach and Scout: Aashish Manhas
- Head Physiotherapist: Rohit Sawalkar