Ahmedabad -based Torrent Group has secured 67 percent stake Gujarat Titans'Overseas ahead of IPL 2025. The deal was finalized after an essential approval by the Control Board for Cricket in India (BCCI). As a result, the original owner of the GT franchise CVC Capital, however, will continue the capital of a third in the team as it has a 33 percent stake with itself after the transaction.
The deal passed through a stunning assessment of INR 7522 crore, where the owner of the new majority kept INR 5035 crore, while the rest lives with CVC. In addition, BCCI is entitled to earning INR 375 crore from the deal, as according to Cricbuzz, the board gets five percent of each transaction within the ownership group.
According to the public release of the acquisition, the acquisition was completed after receiving all the necessary approval including the board's approval.
“With the fulfillment of these conditions, the acquisition is now successfully completed. As part of the transaction, the Eralia, managed by the CVC, will continue the 33 per cent sufficient minority share, maintaining its association with the franchise,” Released.
GT Captain Shubman Gill is expected to amend
Amidst the latest franchise in the Cash-Rich League, GT won the 2022 season under Hardik Pandya's captaincy, and made it to his second-nervous final in 2023. However, beyond the 17th edition of the mega tournament, Pandya forced Mumbai Indians to withdraw, which was forced to appoint Gajrat. Shubman Gill As his captain.
Quite inexperienced as a leader, Gill failed badly in his first version as captain. After going to two consecutive finals, the Ahmedabad side failed to qualify for the first time in three years. Gill was heavily criticized for his poor captaincy skills, and well, as the team won only five out of 14 games in the 2024 edition of the Marki event.
GT host PBKS at Motera on 25 March
Captain will now see to start afresh in IPL 2025Where Gujarat played his season's opener for Punjab Kings at the royal Narendra Modi Stadium in Ahmedabad on Tuesday, 25 March. Then they will face Mumbai at the same place on 29 March, before proceeding in the tournament. GT skipper wants the team to perform well, especially during the mega auction to strengthen the squad after some fresh additions.
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