New Delhi, India

Indian Premier League (IPL) franchise Gujarat Titans could have a new owner as the side is reported to be in talks with a new owner. Gujarat Titans, who won the IPL in 2022 in their inaugural season are currently in talks with Adani and Torrent groups to sell a controlling stake. Current owners CVC Capital Partners are likely to sell the Ahmedabad-based franchise with the two Indian conglomerates likely to bid having already invested in several sports teams including Pro Kabaddi League (PKL).

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GT on sale by CVC group

According to media reports, the 2022 champions have been put up for sale by the CVC group which has stakes in big tournaments like La Liga, Premiership Rugby and the Women’s Tennis Association. Having enjoyed success in the world’s most decorative cricket league, the franchise is now likely to sell a major controlling stake according to a report from The Economic Times. Both Adani Group and Torrent Group are the front-runners to get stakes at the Gujarat Titans who have already enjoyed success in the IPL.

According to the report, The Board of Control for Cricket in India’s (BCCI) lock-in period which will prohibit new teams from selling a stake will end in February next year. Therefore, with the lock-in period set to expire in February, GT could have new owners at the start of the IPL 2025 season.

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“Having missed out on the opportunity to own IPL’s Ahmedabad franchise in 2021, both Adani and Torrent are now eager to buy a majority stake in Gujarat Titans. For CVC, it is a good opportunity to monetise its stake in the franchise,” an official aware of the development was quoted as saying by The Economic Times.

The value of the franchise is between $1 billion and $1.5 billion which will make it one of the most expensive sporting brands in the world.