This year, IPL franchise, Gujarat Titans have seen a huge surge in their ticketing revenue for their home games.
Since making its debut in the 2022 season and winning the trophy also last year, GT has amassed a huge fan following.
Their fans now throng to stadiums wherever they go and play and are always in full capacity at stadiums.
This year, the IPL was played in the home and away format after a gap of three years.
Now, GT has the challenge of Mumbai Indians in the second qualifier today.
Moreover, the Narendra Modi Stadium in Ahmedabad is the world’s largest stadium in terms of seating capacity.
Additionally, GT has already played 7 games at home and their most profitable venture has been through ticket sales.
Furthermore, Titans have a good home advantage because both the Qualifier 2 and the final will be played at Ahmedabad as well.
Also, GT’s Chief Operating Officer, Arvinder Singh has also confirmed that their major boost has come through ticket sales.
Close to 40 percent has come from ticketing.
CVC Capital a French private equity firm is the owner of the Titans. If we take a look at how it all goes in the IPL, then franchises earn mostly through ticket sales, merchandising, food and beverages that makeup 20 percent of their overall revenue.
Additionally, the Narendra Modi Stadium was also inaugurated last year and it also holds the Guinness World Record for the highest attendance which is 1,01,566.
This season, the opening game between Gujarat Titans and Chennai Super Kings was sold out in just four days.
Around 63,000 tickets were sold online while the remaining were sold offline out of a total of 75,000.
Gujarat Titans took different measures to keep fans connected
Moreover, Arvinder Singh has also stated that the franchise took many different measures.
We took many measures to bring more fans to stadiums including increasing the frequency of metros. There are 34 parking areas at the stadium so we ran 100 shuttles from the stadium to the parking lot. Even for hospitality areas we ran golf carts.
On the other hand, the Qualifier 1 match garnered 2.5 crore views on digital platforms which has now surpassed the 2.4 crore views for the CSK vs RCB game on the 17th of April.
Arvinder Singh has further stated that GT is at number three when it comes to revenue among IPL franchises.
The team is 38 percent higher than last year in terms of revenue and this year itself we are sitting at number three in terms of revenue (as compared to other nine IPL franchises). We don’t want to be a franchise that is relevant four months a year. So in July and August, you will see more developments coming from us.
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