IPL 2022 – How much do each of the franchises cost?
The Indian Premier League gained momentum following the Indian team’s victory at the 2007 T20 World Cup. The tournament’s early success was due to the concept of combining players from different teams and making matches extremely competitive. The owners of all the teams’ interests also played a significant role in kicking off the competition.
In January 2008, the auction bidding procedure was attended by a total of eight multinational enterprises. The starting price has been set at $50 Million (379 crores). After the auction concluded, the Mumbai Indians emerged as the most expensive team.
In the 2022 edition, two new teams, Lucknow Super Giants and Gujarat Titans were added to the roster, which proved highly costly for the owners due to the Indian Premier League’s brand value and popularity.
In this article, we will be talking you through the cost of each of the franchises currently playing in the IPL.
Number 1. Sunrisers Hyderabad (425 Crores)
SUN Group acquired a Hyderabad-based franchise in 2012 following the dissolution of Deccan Chargers. Reports suggest that the consortium invested a total of 425 crores and renamed the team Sunrisers Hyderabad. The team made its debut in the Indian Premier League’s 2013 season.
Kalanithi Maran, one of India’s wealthiest industrialists, owns the SUN Group. The corporation operates 33 television channels in six distinct languages. Additionally, they receive exposure on FM radio stations, magazines, and newspapers.
The Sunrisers Hyderabad won the 2016 tournament, their lone title to date. Kaviya Maran, the owner’s daughter, is a critical member of the team’s management and makes her presence known at the auction and at the stadiums during matches.
Number 2. Rajasthan Royals (508 Crores)
The Rajasthan Royals franchise was acquired by a joint venture between Tresco International Ltd, Emerging Media Pvt. Ltd, and Blue Water Estate Ltd for a total of 508 crores. Under Shane Warne’s leadership, the squad won the maiden tournament emphatically.
In 2009, billionaire Raj Kundra and actress Shilpa Shetty acquired a minority share, with the latter also serving as the team’s brand ambassador. However, they sold the investment in 2015 after Kundra was implicated in the spot-fixing incident.
Manoj Badale (owner of Emerging Media Pvt. Ltd), Blue Water Estate Ltd, and RedBird Capital Partners currently own the company. Badale owns the majority of the squad, with a 65 percent stake.
Number 3. Kolkata Knight Riders (569 Crores)
Due to their glamour factor, the Kolkata Knight Riders were one of the most popular franchises in the tournament’s early seasons. Additionally, it was a result of its owners’ celebrity, Bollywood actor Shah Rukh Khan and actress Juhi Chawla.
The Kolkata Knight Riders franchise was purchased for 569 crores by Red Chillies Entertainment and the Mehta Group. Shah Rukh Khan owns Red Chillies Entertainment, while Jay Mehta, Juhi Chawla’s spouse, owns the Mehta company.
In 2022, the owners remain the same, with Red Chillies Entertainment owning 55% and Mehta Group owning 45% of the two-time IPL champions. Venky Mysore, the CEO of Red Chillies, has been in charge of the team’s operations for the last few years.
Number 4. Punjab Kings (576 Crores)
The team, formerly known as Kings XI Punjab, was acquired for 576 crores, according to Republic World. Preity Zinta, a Bollywood actress, and a group of businesspeople, including Ness Wadia, Karan Paul, and Mohit Burman, invested in the team.
Zinta owns a production firm called PZNZ Media, whereas Wadia is the managing director of Bombay Burmah Trading Corporation, a textile company. Paul is the managing director of the Appejay Surendra Group, whereas Burman is the director of the FMCG behemoth Dabur.
As of 2022, Burman owns 46% of Punjab Kings, Wadia owns 26%, and Zinta and Paul own 23% and 8%, respectively. Wadia and Zinta, among the owners, have been ardent fans of the team and also serve as crucial decision-makers.
Number 5. Delhi Capitals (630 Crores)
The Delhi franchise was formerly known as the Delhi Daredevils until the 2018 season, when it changed its name to the Delhi Capitals. According to Economic Times, GMR Group acquired the franchise for 630 crores ($84 million).
In 2018, Jindal South West (JSW) Group acquired a 50% stake, forming a joint venture with GMR Group. The JSW Group operates in a variety of industries, including steel, paint, energy, and infrastructure.
The Delhi Capitals have qualified for the playoffs in each of the last three seasons and are one of the tournament’s best teams.
Number 6. Chennai Super Kings (689 Crores)
The second most successful team in the history of the Indian Premier League was acquired by India Cements, a major cement manufacturer and supplier.
N. Srinivasan, India Cements’ managing director, approved the transfer of ownership to its subsidiary, Chennai Super Kings Ltd, in 2015. This was because the Supreme Court determined that he possessed a conflict of interest. While the team was also suspended for two years following a spot-fixing incident.
While the team is ranked fifth on this prestigious list, the Chennai Super Kings became the first sports entity to achieve unicorn status in 2021, with a market capitalization of 7600 crores.
Number 7. Royal Challengers Bangalore (845 Crores)
Vijay Mallya acquired the Bangalore franchise with a bid of 845 crores ($111.6 million). Mallya founded Kingfisher Airlines and served as chairman of liquor manufacturing businesses United Spirits and United Breweries.
Following the demise of the Airlines company, Mallya resigned as chairman of the other two firms in 2016. At the moment, Diageo, the parent company of United Spirits, owns the majority of Royal Challengers Bangalore.
Prathamesh Mishra serves as the team’s chairman and is responsible for the team’s activities in 2022. According to Sportzpoint, the team’s brand value is currently around 536 crores.
Number 8. Mumbai Indians (850 Crores)
Mukesh Ambani bid 850 crores ($111.9 million) for the Mumbai Indians in 2008, the highest bid by any owner in the IPL’s first auction. Ambani is the CEO of Reliance Industries, a conglomerate with interests in energy, petrochemicals, natural gas, retail, telecommunications, and renewable energy.
In 2021, Ambani arranged chartered flights to transport players home following the tournament’s suspension due to Covid-19 fears. With five title titles, the Mumbai Indians are unquestionably one of the best teams in the tournament’s history, and their brand worth has been steadily increasing as well.
Ambani was reportedly one of the potential bidders for the Indian Premier League media rights from 2023 to 2027 in 2022.
Number 9. Gujarat Titans (5600 Crores)
The private investment firm CVC Capital Partners acquired the franchise in Ahmedabad for a reported 5600 crores. The team made its debut in the Indian Premier League’s 2022 season.
CVC Capital Partners operates 24 locations throughout Europe, America, and Asia. They are not strangers to sports investing, since they presently possess a share in Spain’s La Liga and own Rugby teams, as well as launching Volleyball World in 2021.
They are the richest owners in the Indian Premier League 2022, with a net worth of $ 122 Billion (as of 2022). The franchise entrusted all-rounder Hardik Pandya with the responsibility of leading the Gujarat Titans in their inaugural season.
Number 10. Lucknow Super Giants (7090 Crores)
RPSG Group won the Lucknow franchise after bidding a record 7090 crores in the IPL 2021 auction. The RPSG Group is comprised of enterprises involved in transmission, electricity and energy, as well as fast moving consumer goods.
Previously, the RPSG Group owned Rising Pune Super Giant, which competed in both the 2016 and 2017 editions, finishing as runners-up in the latter. Sanjiv Goenka, chairman of RPSG Group, was also present at the 2022 auction table. Sanjiv Goenka’s net worth is estimated to be 20,250 crores as of 2021, according to Business Insider.
The Lucknow Super Giants are led by quality Indian batsman KL Rahul, who previously captained the Punjab Kings in the tournament’s first two seasons.