The Indian Premier League (IPL) recently completed its 14th successful season. IPL is undoubtedly the richest cricketing league in the world. It paved the way for franchise cricket. Players from across the world love to participate in this domestic yet global tournament. BCCI, the parent body of the IPL calls the shots and administers the league through a governing council. Here is all about IPL Franchise Owners And Their Net Worth.
The tournament’s first edition took place in 2008. Since then, the tournament has been part of cricket’s annual calendar every year. Initially conceived as an 8-team tournament, the IPL has intermittently seen the addition and subtraction of a few franchises.
IPL franchise owners primarily happen to run major Indian businesses. The addition of two new teams has made the playing ground even more interesting. These owners are no less excitable than the players themselves. They follow the game passionately. But when it comes to selecting a squad, they think rationally and make informed decisions.
IPL Franchise Owners And Their Net Worth
#10 Ahmedabad Team
The Ahmedabad team is the latest addition to the IPL. CVC capitals, a private equity firm have brought the Ahmedabad franchise. They bought this team for a whopping INR 5625 crores. This team will leverage the world’s largest cricket stadium in Ahmedabad.
Not much is known about the owners of this firm. They are a private equity firm who have many stakeholders from around the globe. These stakeholders collectively own this equity firm, and thus the organization does not have a single individual owner.
Net worth: $75 Billion
#9 Lucknow Team
The Lucknow franchise is the costliest team in the IPL. Sanjeev Goenka-owned RPSG group brought the Lucknow team for a mind-numbing INR 7090 crores. The owner was elated the moment it was declared that they have won the bidding for the team.
Goenka believes he is in the IPL for the long run. He is of the opinion that this is a sound investment that will pay rich dividends.
Sanjeev Goenka is a billionaire businessman who controls the RPSG group headquartered in Kolkata. The company’s flagship entity is the 122-year old power utility, CESC, that Goenka diversified into 4 separate companies. He previously owned the Pune IPL franchise (2016-17).
Net worth: $2.6 Billion
#8 Punjab Kings
Punjab Kings is one of the most underperforming teams in the IPL. They neither create enough buzz on the field nor do they have the riches as compared to a few others in the league. It is a multi-owner franchise team. Bollywood actress, Preity Zinta co-owns this team along with Mohit Burman, Dabur, and Ness Wadia, Wadia Group.
Mohit owns a 46% share while Ness owns a 23% share in the team. Zinta owned PZNZ firm owns the rest of the stakes in the company. Preity Zinta thanks to her Bollywood career is the most popular owner among the 3.
Preity Zinta’s Net worth: $10 Million
#7 Rajasthan Royals
Rajasthan Royals are the inaugural IPL champions. They are popularly known as the money-ball team. Royals are known to promote young talent. They often make a conscious effort of not picking star players in their setup.
Manoj Badale is the owner of the franchise. He is an Indian businessman and venture capitalist. Badale is a managing partner and co-founder of Blenheim Chalcot, a VCPE firm. He is also the chairman of the British Asian Trust.
Net worth: $160 Million
#6 Delhi Capitals
Delhi Capitals are one among the few teams that have been part of the IPL right from day one. They revamped their setup in 2019 and rechristened themselves as Delhi Capitals.
The GMR group, the initial owners of the franchise had bought the Delhi team for $84 million back in 2008. In 2018, they sold 50% of the stakes to JSW company. Parth Jindal, from JSW, is now in charge of running the franchise.
Parth Jindal Net worth: $5 Million
#5 Sunrisers Hyderabad
The Sunrisers Hyderabad franchise came into existence in 2013. They took over the reins of the Hyderabad franchise from the Deccan group. SRH as they are popularly referred to are one of the most consistent IPL teams.
Kalanithi Maran-owned Sun Group is the parent company of SRH. Maran is a media baron who also owns the Sun TV network and SpiceJet, an airline company.
Net worth: $1.6 Billion
#4 Chennai Super Kings
Chennai Super Kings are the Manchester United of IPL. They are arguably the greatest team of the IPL. CSK are one of the best franchise team not just in the IPL but also in the world. India Cements is the parent company of CSK.
The company had the practice of appointing the current Indian captain as its vice-president. Rahul Dravid was one of the beneficiaries of this practice. But it was MS Dhoni with whom the company struck a lifetime bond.
N. Srinivasan, the owner, and chairman of the company lets the cricketing people take charge of cricket-related operations. Srinivasan is one of the finest man-managers in the IPL. He also served as the BCCI president for a significant period.
Net worth: $100 Million
#3 Kolkata Knight Riders
Kolkata Knight Riders are 2-time IPL champions. They have the most passionate of fans. KKR franchise generates a lot of buzz thanks to the presence of its owner, Shahrukh Khan. The team rides on the popularity of its superstar owner. His charm is irresistible and hence it is understandable that the team is so popular.
KKR much like Punjab has multiple co-owners. SRK’s Red Chillies owns 55% of the stakes in the team. Juhi Chawla and Jay Mehta are the other two owners who own the rest of the stakes.
Shahrukh Khan’s Net worth: $640 Million
#2 Royal Challengers Bangalore
Royal Challengers Bangalore are the most popular team to have not won the IPL. They have a loyal fanbase who support them regardless of their performance. RCB were the 2nd most expensive team in the IPL.
Vijay Mallya, the flamboyant industrialist bought the team for INR 460 crores. But owing to unforeseen circumstances, the management changed hands. Anand Kripalu now owns the team through his company, United Spirits.
Net worth: $3.32 Billion
#1 Mumbai Indians
Mumbai Indians was the richest team of the IPL. Mukesh Ambani-owned Reliance Group brought the team in 2008 for INR 470 crores back in 2008. They are not only the richest team but the most successful one as well with 5 IPL titles to their crown.
Mukesh Ambani is the richest man in the country. His lifestyle is a matter of huge speculation. Thankfully the IPL is a level playing field else the Mumbai Indians with their wealth would have brought everyone.
Net worth: $90 Billion
These are the 10 IPL Franchise Owners And Their Net Worth.
Also read: IPL 2022: Lucknow Reportedly Contacted KL Rahul And Rashid Khan
