IPL 2022 Auction: Ahmedabad franchise CVC Capitals Group knows all about this Formula One investor

Sports Desk, Amar Ujala, New Delhi

Published by: Rajiv Roy
Monday, 25 October 2021 08:56 PM Updated to IST

Summary

CVC Capitals Group, a London-based investment firm, has raised Rs. Made a winning bid of Rs 5,166 crore. For now, let us know about CVC Capitals Group, which has left out many big names and made a big bid for the Ahmedabad team of the IPL.

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The next season of the Indian Premier League means two new teams will be added from 2022. The names of Lucknow and Ahmedabad were printed at the auction held at Hotel Taj in Dubai on Monday. A total of 10 parties participating in today’s auction were given options from Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore. But as the day drew to a close, the names of the two new teams and their owners were announced.

Sanjeev Goenka Group bid Rs 7,090 crore for Lucknow, while London-based investment firm CVC Capitals Group made a winning bid of Rs 5,166 crore for Ahmedabad. For now, let’s get to know about CVC Capitals Group, which has left a lot of big names and made a big bid for the Ahmedabad team of the IPL.

Who is the CVC Capitals Group?
CVC Capitals Group is a large and reputed investment firm based in Luxembourg, London. Has made huge investments in various sectors around the world. CVC has offices and employees in Europe, Asia and the Americas. On the field, he bought a substantial stake in Formula One. Apart from this, the team has also invested in the Spanish Football League La Liga.

Now that CVC has bought the Ahmedabad team, then the Narendra Modi Stadium, the largest cricket stadium in the world, will now be his residence. It has a seating capacity of about 1.5 lakh and includes all modern facilities.

Expansion

The next season of the Indian Premier League means two new teams will be added from 2022. The names of Lucknow and Ahmedabad were printed at the auction held at Hotel Taj in Dubai on Monday. A total of 10 parties participating in today’s auction were given options from Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore. But as the day drew to a close, the names of the two new teams and their owners were announced.

Sanjeev Goenka Group bid Rs 7,090 crore for Lucknow, while London-based investment firm CVC Capitals Group made a winning bid of Rs 5,166 crore for Ahmedabad. For now, let’s get to know about CVC Capitals Group, which has left a lot of big names and made a big bid for the Ahmedabad team of the IPL.

Who is the CVC Capitals Group?

CVC Capitals Group is a large and reputed investment firm based in Luxembourg, London. Has made huge investments in various sectors around the world. CVC has offices and employees in Europe, Asia and the Americas. On the field, he bought a substantial stake in Formula One. Apart from this, the group has also invested in the Spanish Football League La Liga.

Now that CVC has bought the Ahmedabad team, then the Narendra Modi Stadium, the largest cricket stadium in the world, will now be his residence. It has a seating capacity of about 1.5 lakh and includes all modern facilities.

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