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In this video tutorial, the steps to change the ownership of a Google Sheet are explained. Firstly, open the Google Sheet, go to file, and then share. Enter the email address of the new owner, optionally write a message, and then send. Reopen file share, where the new owner's email should appear as an editor. Select the drop-down menu and choose the option to make them the owner. A warning will appear about the new owner potentially blocking access. Confirm the change by selecting yes.