In 2008, the concept of the Indian Premier League was an instant success. For the first time in a T20 league, players from various countries appeared together. In this regard, great thanks must also be given to the owners, who took an interest in ensuring the success of the IPL in India and around the world.
Apart from being one of the decision-makers in player selection, owners undoubtedly play an important role in ensuring a good environment for the players. They are also in charge of the players’ lodging and logistics in the Indian Premier League. To date, the owners have been outstanding in their attempts to run the teams in a professional manner.
In this article, we will walk you through the owners of the ten playing franchises in the IPL.
Number 10. Gujarat Titans (CVC Capital Partners)
Gujarat Titans, the new entrant into the Indian Premier League, was purchased by CVC Capital Partners after winning the bid with a bid of Rs. 5,625 crores. CVC Capital Partners is a Luxembourg-based private equity and investment advisory firm with 24 locations in the United States, Europe, and Asia.
Over the years, CVC Capital has been a notable investor in the sports business. They own approximately 11% of one of Europe’s most prominent football leagues, La Liga. They previously made a large sum of money by selling their Formula One shareholding.
They have made investments in sports such as rugby and volleyball in the last year. They entered cricket for the first time because of the rising stature of the Indian Premier League.
Number 9. Lucknow Super Giants (RP Sanjeev Goenka Group)
Lucknow Super Giants are the second team to make their debut in the Indian Premier League this season. They won the Lucknow franchise with a winning bid of Rs. 7090 crores. Sanjeev Goenka owns the company, which operates in the power and energy, carbon black manufacturing, FMCG, media, and entertainment sectors.
The RPSG Group has a $7 billion asset base and a $4 billion revenue base, and its flagship company, CESC, supplies power to Kolkata, Noida, Bikaner, and Kota. Spencer’s Retail, Firstsource, and Saregama are all subsidiaries.
Rising Pune Super Giant, which competed in the IPL in 2016 and 2017, was also owned by the firm.
Number 8. Sunrisers Hyderabad (SUN TV Group)
The Deccan Chargers, based in Hyderabad and owned by Deccan Chronicle, were the franchise in the inaugural season. They competed in the IPL from 2008 to 2012, winning the championship in 2009. Unfortunately, the BCCI banned the team in 2012 when they were discovered to have violated contract restrictions.
The Sunrisers Hyderabad debuted in 2013 to replace the Deccan Chargers. They are owned by SUN TV Group, which operates 33 television channels in six languages. They also own 67 FM radio stations, three daily newspapers, and six magazines, making them a media behemoth.
Kaviya Maran, the founder’s daughter, is well-known among cricket fans for her active participation in the Sunrisers Hyderabad team. She was also in charge of selecting players in the IPL 2022 auction, along with other members.
Number 7. Royal Challengers Bangalore (United Spirits)
In 2008, prominent billionaire Vijay Mallya purchased one of the tournament’s most popular franchises. He was quite successful at the time in his two main enterprises, alcoholic beverages company United Spirits and Kingfisher Airlines.
Unfortunately, Vijay Mallya did not repay the debt, which he used to build Kingfisher Airlines, and was thus embroiled in a big swindle. Vijay Mallya quit as chairman of United Spirits before the Indian Premier League 2016, with the parent company Diageo India paying him 550 crores.
RCB is currently owned by United Spirits Limited, which has the greatest alcoholic beverage market share. Prathmesh Mishra, a top executive, is currently the chairman of Royal Challengers Bangalore.
Number 6. Mumbai Indians (Mukesh Ambani)
Mukesh Ambani, the chairman and managing director of Reliance Industries, owns the team with the most title victories in the Indian Premier League. Reliance Industries is a Fortune 500 Global Corporation and the most valuable company in India in terms of market capitalization.
The corporation oversees hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, and retail, and it controls Jio, India’s largest telecommunications service provider. It has recently made headway into renewable energy areas.
Over the years, the Ambani family has been a devoted supporter of the squad. Nita Ambani and Aakash Ambani, for example, have held the key in terms of player selection, cheering for the team in the stadium, and giving all arrangements for the players.
Number 5. Kolkata Knight Riders (Red Chillies Entertainment and Mehta Group)
In 2008, two Bollywood celebrities, Shah Rukh Khan and Juhi Chawla joined together to co-own a Kolkata-based franchise, which they christened Kolkata Knight Riders. Red Chillies Entertainment owns a 55 per cent stake in the franchise, while Mehta Group owns a 45 per cent stake.
Shah Rukh Khan created Red Chillies Entertainment in 2003 as a visual effect, production, and distribution company. The company’s yearly revenue is expected to exceed 4000 crores. Jay Mehta, Juhi Chawla’s husband, owns the Mehta Group. The Mehta Group operates in industries such as sugar, cement, and building materials.
The owners opted to purchase a stake in one of the Caribbean Premier League T20 clubs in 2015, naming it Trinbago Knight Riders. They are also rumoured to be in advanced negotiations to purchase a franchise in the projected UAE T20 League.
Number 4. Chennai Super Kings (Chennai Super Kings Ltd.)
In 2008, India Cements, a renowned cement manufacturing firm, purchased the team with the highest winning % in the tournament’s history. N Srinivasan, the managing director of India Cements, is also the former chairman of the ICC and the President of the BCCI.
Due to match-fixing, the Lodha Committee punished CSK for two years in 2015. Gurunath Meiyappan, N Srinivasan’s son-in-law, was the pivotal figure in the affair. Both Srinivasan and Gurunath Meiyappan were barred from playing in the Indian Premier League after being found guilty.
The ownership of Chennai Super Kings was then transferred to Chennai Super Kings Ltd, a subsidiary of India Cements with eight directors. The CSK squad has a net value of approximately 7600 crores.
Number 3. Rajasthan Royals (Emerging Media Pvt. Ltd.)
Manoj Badale controls Emerging Media Pvt. Ltd, a global leader in advertising, and is the majority owner (65%) of the Rajasthan Royals franchise. He is also a co-founder of 15 different enterprises in the technology and financial services sectors.
Lachlan Murdoch (13 per cent) and RedBird Capital Partners are the team’s other minority owners (15 per cent). Lachlan Murdoch is a well-known figure in the UK media industry, while RedBird Capital Partners is a private investment firm based in New York.
Shilpa Shetty and Raj Kundra purchased an 11.7 per cent stake in Rajasthan Royals in 2009 and became co-owners. However, they liquidated their whole investment in 2015, after Raj Kundra was convicted by the Supreme Court of India of illicit betting on IPL matches.
Number 2. Punjab Kings (Ness Wadia and Preity Zinta)
Since 2008, Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul have controlled Punjab Kings (previously Kings XI Punjab). Mohit Burman owns Elephant Capital Plc and is a director of FMCG brand Dabur, whereas Karan Paul is the chairman of Apeejay Surrendra Group, which operates in tea, hotel, shipping, retail, and real estate.
Ness Wadia, the managing director of Bombay Burmah Trading Corporation, is also a wealthy businessman. He also owns an interest in Britannia Industries, an FMCG company. He was a crucial member of the think-tank that selected the players for the IPL 2022 Auction.
Preity Zinta, a well-known Bollywood actress, is the fourth co-owner. She owns PZNZ Media, a production company, and the Stellenbosch Kings, a team in the Mzansi Super League, South Africa’s main T20 event.
Number 1. Delhi Capitals (JSW and GMR Group)
The Delhi Capitals (previously the Delhi Daredevils) were purchased in 2008 by GMR Group, a worldwide company that oversees the country’s Infrastructure, Energy, and Airports businesses. The GMR Group was the sole owner of the franchise until 2017.
JSW Steel, one of the steel, energy, and mining behemoths, signed a 50:50 joint venture with GMR Group in 2019. For the past few years, the JSW Group has also been the primary sponsor of the Delhi Capitals. Parth Jindal, the managing director, has been very involved in helping the teams at the stadium.
Since 2019, when JSW became a co-owner of the Delhi Capitals, they have entered the playoffs every season until 2021, and are unquestionably the team’s lucky charm.