IPL 2023: Gujarat Titans’ Net Worth and sources of revenue
In 2021, CVC Capitals Partners, the Luxembourg-based French private equity and advisory firm, bagged the ownership of the Gujarat-based franchise for INR 5,625 crore.
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3. Stadium Ticket Sales
In their first IPL season, GT didn’t get a chance to host any game at their home ground Narendra Modi Stadium in Ahmedabad, due to the COVID-19 pandemic. Although the Qualifier 2 and the Final of the 2022 tournament were held at the iconic stadium, the ground actually served as a neutral venue for the aforementioned clashes.
The absence of the home-and-away format kept Titans away from the income through stadium tickets and gate passes in the previous editions. In 2023, the tournament returned to its old form, enabling GT to host seven matches at their home venue. Since the league’s emergence, it has been the sole discretion of the franchise owners to decide on ticket prices.
After selling the match tickets, a fixed percentage goes into the pocket of the sponsors and the board, while the remaining amount is absorbed by franchise owners. This year, the Gujarat-based franchise is expected to make a huge profit through the sale of tickets and ground passes.
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