MI paid ₹100 crore to GT to trade Hardik Pandya, suggest reports.

The trade agreement between Mumbai Indians and Gujarat Titans, securing the services of star all-rounder Hardik Pandya for the upcoming IPL 2024, has created significant buzz in the cricket community. Pandya is set to lead the five-time champions in the 17th edition of the tournament.

While the specific transfer fee remains undisclosed, a report by The Indian Express speculates that Mumbai Indians may have paid a substantial amount, with an estimated figure of INR 100 crore mentioned. This hefty payment underlines Mumbai Indians’ eagerness to include Pandya in their roster.

The decision to acquire Pandya is strategic, considering the mega auction scheduled for the 2025 IPL. With former captain Rohit Sharma approaching the end of his career, Mumbai Indians aim to build a strong foundation for the future, making Pandya’s leadership skills a valuable asset.

The trade has mutual benefits, as it aids Gujarat Titans in various ways. In 2021, CVC Capital invested INR 5625 crore to be part of the IPL, whereas Mumbai Indians are owned by a business family. The Pandya deal significantly boosts Gujarat Titans’ finances, increasing their purse by INR 15 crore. The financial gains from this transaction will reflect in CVC Capital’s balance sheet at the end of the financial year, likely contributing to an increase in its valuation.