look news india
The Indian Premier League is considered the world's biggest sports franchise. Players from different countries participate in the IPL. Fans also want to see their favorite cricketers hitting fours and sixes and taking wickets. If sources are to be believed, the upcoming IPL is going to be very interesting. This time, along with the players, the country's two biggest business giants can also be seen clashing in the IPL.
Gautam Adani may enter IPL!
Let us tell you that Mukesh Ambani's wife Nita Ambani is the owner of Mumbai Indians, the team that has won the most number of trophies in IPL. Sources have informed that Gautam Adani may also enter IPL. The ownership of Gujarat Titans, one of the popular IPL teams, may soon go to Adani.
What is the whole matter?
The lock-in period of the Board of Control for Cricket in India (BCCI) will end in February 2025. Most of the shares of Gujarat Titans are held by a private equity firm CVC. According to sources, CVC is preparing to sell its shares after the lock-in period ends. At the same time, Adani Group owner Gautam Adani can buy the ownership of Gujarat Titans.
Gujarat Titans Value
Gujarat Titans, which entered the IPL as a new team three years ago, is valued at $1 billion. CVC has awarded the franchise to Gujarat Titans in 2021. The purchase was made for Rs 5,625 crore. Adani Group missed out on buying this IPL franchise. But now there is a race between Adani Group and Toronto to buy the largest stake. This is the best opportunity for CVC to sell shares. CVC is headquartered in Luxembourg, while Adani and Toronto Group are headquartered in Ahmedabad. In such a situation, it will be interesting to see who will get the ownership of Gujarat Titans? CVC, Adani Group and Toronto have declined to comment on the issue.
