The Richest IPL Franchises: Who Holds the Most Moneym *Exploring the Wealthiest Owners in the Indian Premier League* The Top IPL Team Owners Redefining Indian Cricket
When it comes to cricket, the Indian Premier League (IPL) stands out as one of the most lucrative tournaments in the world, not just in terms of player contracts but also in the wealth of its franchises. Let’s take a closer look at the top five richest IPL franchises and the wealthy individuals or companies behind them.
**10. Gujarat Titans (GT):**
Owned by the Number 10 Gujarat Titans (GT), this franchise made headlines in 2021 by winning the ownership rights with a bid of ₹5,625 crore (US$700 million). Established in 2021, GT plays its matches at the Narendra Modi Stadium in Ahmedabad. Led by captain Shubman Gill and coached by Ashish Nehra, GT made its IPL debut in 2022, reaching the final in 2023 but losing to the Chennai Super Kings. With an estimated valuation of $850 million by 2024, GT ranks as the third most valuable IPL team.
**9. Punjab Kings (PBKS):**
Owned by KPH Dream Cricket Private Limited, a conglomerate comprising Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul, PBKS has a notable ownership structure. With Burman holding 46% ownership, Zinta and Wadia each owning 23%, and Paul with 8%, the team’s value stood at $925 million in 2022, making it the ninth most valuable IPL franchise.
**8. Sunrisers Hyderabad (SRH):**
Owned by the SUN Group Private Limited, a major media conglomerate in India, SRH’s ownership lies with Kalanithi Maran, the Chairman of the SUN Group. Kavya Maran, Maran’s daughter, assumed leadership of the franchise in 2018 and has been actively involved ever since. With diverse interests in film and television production, publishing, radio, cable television, DTH services, and broadcasting, the SUN Group boasts a significant presence in the media and entertainment industry.
**7. Rajasthan Royals (RR):**
Under the direction of Manoj Badale, a British venture capitalist and entrepreneur, RR is owned by Emerging Media IPL Limited.. Badale holds a majority 65% stake in the team, with other shareholders including Lachlan Murdoch and Redbird Media. As of 2023, Badale—who is also a managing partner and co-founder of the venture builder Blenheim Chalcot—has amassed approximately $160 million in total wealth.
**6. Royal Challengers Bangalore (RCB):**
Owned by United Spirits Limited (USL), one of the largest alcohol beverage companies in India, RCB has a strong backing from the liquor industry. USL, which produces a wide range of spirits including scotch whisky, IMFL whisky, brandy, rum, vodka, gin, and wine, established the RCB franchise in 2008. With an estimated value of ₹1.025 billion by 2022, RCB ranks as the sixth most valuable IPL team.
These teams serve as venues for affluent people and businesses to demonstrate their financial might in addition to uniting cricket fans.. As the IPL continues to grow in popularity and revenue, the ownership holdings rise even more, guaranteeing that cricket continues to be both a profitable corporate endeavor and a sport.
The Top IPL Team Owners Redefining Indian Cricket**
Meet the brains behind the dominant IPL teams, from Bollywood stars to business tycoons.
The Indian Premier League (IPL) has not only revolutionized cricket but also become a platform for some of India’s most influential personalities to showcase their prowess beyond their respective fields. From business tycoons to Bollywood icons, the IPL team owners are as diverse as they are successful. Let’s take a closer look at the top five IPL team owners who have left an indelible mark on Indian cricket. The Top IPL Team Owners Redefining Indian Cricket
**5. Parth Jindal – Delhi Capitals**
Parth Jindal, the director of JSW Sports, holds a 50% ownership stake in the Delhi Capitals IPL team. In 2018, JSW Sports acquired the team from the GMR Group for $66.2 million (INR 550 crore), appointing Jindal as its chairman. Jindal also purchased the Women’s Premier League franchise of the Delhi Capitals in January 2023. (The Top IPL Team Owners Redefining Indian Cricket)
A scion of the wealthy Jindal family, Parth Jindal is known for his dynamic leadership and significant contributions to the development of the JSW Group. Under his guidance, the conglomerate has expanded into new sectors such as sports, cement, paint, and electric vehicles.
Jindal co-manages the Delhi Capitals with Kiran Gandhi, CEO, MD, and director of JMR Infrastructure. Both Jindal and Gandhi are often seen representing the Delhi Capitals in IPL events, showcasing their commitment to the team’s success. The Top IPL Team Owners Redefining Indian Cricket
**4. Sanjeev Goenka – Lucknow Super Giants**
Sanjeev Goenka, the owner of the Lucknow Super Giants IPL team, is also the chairman of the RPG Group, a multinational conglomerate with interests in power, retail, sports, and entertainment. The Calcutta Electric Supply Corporation is the principal enterprise of the RPG Group (CESC).
Goenka, who was born in Kolkata, India, on January 29, 1961, established the RPG Group in 2011, which has its headquarters there and $6 billion in assets and $4.3 billion in revenue. With $2.1 billion in total worth as of March 2024, Goenka ranks 83rd among Indian billionaires. (The Top IPL Team Owners Redefining Indian Cricket)
Since 2014, the RPG Group has made investments in a range of sports to strengthen the sports community in India. Their first venture was ATK, a football club based in Kolkata, competing in the Indian Super League football competition. In 2020, the group acquired a majority stake in Mohun Bagan Athletic Club, a prestigious club founded in 1889 with numerous accolades to its name. The Top IPL Team Owners Redefining Indian Cricket
**3. Shah Rukh Khan, Juhi Chawla, and Jay Mehta – Kolkata Knight Riders**
The ownership of the Kolkata Knight Riders (KKR) lies with the Knight Riders Sports Private Limited, a partnership between Bollywood actor Shah Rukh Khan’s Red Chillies Entertainment, actress Juhi Chawla, and her husband Jay Mehta’s Mehta Group. Red Chillies Entertainment holds a 55% stake in the franchise, while the Mehta Group holds the remaining 45%.
KKR is one of the original eight teams in the IPL. It was acquired for ₹2.98 billion by Red Chillies Entertainment in partnership with Juhi Chawla and her husband Jay Mehta. The Top IPL Team Owners Redefining Indian Cricket
**2. Chennai Super Kings – Brand Value**
As of April 2024, the brand value of the Chennai Super Kings (CSK) stands at $81 million, making it the second most valuable IPL franchise after the Mumbai Indians (MI).
CSK holds a AAA- grade from Brand Finance, making it the strongest IPL brand.
CSK has won the IPL championship five times in 2010, 2011, 2018, 2021, and 2023 and has appeared in a record 10 finals. They have also won the Champions League Twenty20 twice in 2010 and 2014. The Top IPL Team Owners Redefining Indian Cricket
**1. Mumbai Indians – Brand Value**
As of March 2024, the Mumbai Indians (MI) boast a brand value of $87 million, making them the most valuable team in the Indian Premier League (IPL). The five IPL championships, numerous corporate alliances, and a sizable online fan following are all responsible for MI’s strong brand value.
The IPL’s total brand value surged to $10.7 billion by 2023, marking a 28% increase. Since its inception in 2008, the IPL’s brand value has grown by 433%, attributed to factors such as stadium attendance, increased online viewership of IPL matches, and major media partnerships.
In summary, the IPL has not only made cricket a profitable industry but has also given businesspeople, celebrities, and, and industrialists to showcase their business acumen and passion for the sport. As the league continues to evolve, it will be fascinating to see how these visionary owners shape the future of Indian cricket. The Top IPL Team Owners Redefining Indian Cricket
