IPL 2022: Owners of all 10 teams
To date, the owners have been superlative with their efforts to manage the teams in a fine fashion.
5. Gujarat Titans (GT) – CVC Capital Partners
The new entrant to the Indian Premier League, Gujarat Titans , was bought by CVC Capital Partners, after winning the bid by shelling an amount of INR 5,625 crores. CVC Capital Partners is a Luxembourg=based private equity and investment advisory firm, having a presence with 24 offices around America, Europe, and Asia.
CVC Capital has been a prominent investor in the sports industry over the years. They hold around a 11% share in one of the popular European football tournaments, La Liga. In the past, they made a huge chunk of money by selling their Formula 1 stake.
In the past year, they made investments in the games like Rugby and Volleyball. They forayed into cricket for the first time ever, due to the rising stature of the Indian Premier League.
Download Our App
For a better experience: Download the CricTracker app from the IOS and Google Play Store