Since its inception, the Indian Premier League (IPL) has attracted eyeballs from various verticals. Over the years its value has only increased and the league has contributed immensely to the GDP of the Indian economy.
After fifteen seasons of its existence, the league is regarded as one of the leading sports leagues around the world. Not only the quality of cricket, but the investment put behind the formation and operation of teams has played a major role to make this league a grand success.
It is the owners and their passion for cricket that have aided the teams to put up a strong show on and off the field. Business firms, Bollywood actors, and multinational conglomerate companies – all have shown interest to own franchises in the Indian Premier League. But do you know who they are?
IPL team owners and their net worth
In its initial days, IPL was an 8-team affair, but now the number of teams has grown up to ten. Some teams are entirely owned by business firms. Actors of Bollywood also have stakes in some teams. A number of franchises are jointly owned. Check out who are the investors of your favorite IPL teams.
Mumbai Indians
Owned by – Reliance Industries
Net worth of owner(s)– $8760 crore
The Mumbai-based franchisee is owned by India’s biggest conglomerate Reliance Industries, through its 100% subsidiary India Sports. Mukesh Ambani, currently the 9th richest in the world, holds the positions of the Chairman and Managing Director of the conglomerate. His wife and son are regularly seen in the stadium when the team plays.
Delhi Capitals
Owned by – GMR Group and JSW Group
Net worth of owner(s)– $1600 crore
Initially, the Delhi-based franchise was entirely owned by GMR Group. In March 2018, GMR sold a 50% stake in the franchise to JSW Sports for ₹550 crores. The current chairman of the team is Parth Jindal.
Chennai Super Kings
Owned by – India Cements
Net worth of owner(s) – ₹3177 crore
The four-time IPL champions are owned by a leading manufacturer and supplier of cement. Currently, the company’s managing director is N. Srinivasan who was a former President of the Board of Control for Cricket in India.
Sunrisers Hyderabad
Owned by – SUN Group
Net worth of owner(s) – $260 crore
After the Hyderabad-based Deccan Chargers were terminated by the IPL, Sunrisers Hyderabad was founded in 2012. The franchise is owned by Kalanithi Maran of the SUN Group, an Indian media conglomerate.
Lucknow Super Giants
Owned by – RPSG Ventures Ltd.
Net worth of owner(s) – $230 crore
The principal owner of the team is Sanjeev Goenka. The entrepreneur’s multinational conglomerate is headquartered in Kolkata. Goenka has invested in various sectors, such as power and energy, retail, IT-enabled services, FMCG, media, and entertainment, etc.
Royal Challengers Bangalore
Owned by – United Spirits and Culver Max Entertainment
Net worth of owner(s) – ₹15778 crore
Initially owned by Vijay Mallya, the Bengaluru-based team is currently co-owned by United Spirits and Culver Max Entertainment. United Spirits is in the beverages industry while Culver Max Entertainment is an Indian media conglomerate.
Kolkata Knight Riders
Owned by – Red Chillies Entertainment and Mehta Group
Net worth of owner(s) – $75 crore
Kolkata’s franchise is owned by Bollywood actor Shah Rukh Khan, his co-star in various films and actress Juhi Chawla, and her husband Jay Mehta. Shah Rukh has been one of the highest-paid actors in India and has brought his glamorous flair to the team.
Rajasthan Royals
Owned by – Manoj Badale, RedBird Capital Partners, and Lachlan Murdoch
Net worth of owner(s) – $613 crore
Manoj Badale is an Indian-born businessman and co-founder of the venture capital firm Blenheim Chalcot. RedBird Capital Partners is a private investment firm headquartered in New York. Lachlan Murdoch is a British-Australian businessman and CEO of Fox Corporation. Badale holds a 65% stake, whereas Murdoch and RedBird Capital Partners are key minority stakeholders.
Punjab Kings
Owned by – Preity Zinta, Mohit Burman, Ness Wadia, and Karan Paul
Net worth of owner(s) – $1350 crore
Mohit Burman, Director of Dabur India, holds the biggest share (46%), whereas Bollywood actress Preity Zinta owns 23% of the share. Businessmen Wadia and Paul also have substantial amounts of shares in the franchise.
Gujarat Titans
Owned by – CVC Capital Partners
Net worth of owner(s) – $12500 crore
A Luxembourg-based French private equity and investment advisory firm owns the Ahmedabad-based franchise which won the IPL in the 2022 edition. The firm has invested in sectors like IT and retail.
Here is the list of all team owners and their net worth
|
Team |
Owners | Debut |
Net Worth of Owner(s) |
| Mumbai Indians | India Sports – Reliance Industries | 2008 | $8760 crore |
| Delhi Capitals | GMR group and JSW group | 2008 | $1600 crore |
| Chennai Super Kings | India Cements | 2008 | ₹3177 crore |
| Sunrisers Hyderabad | SUN Group United Spirits Limited | 2013 | $260 crore |
| Lucknow Super Giants | RPSG Ventures Ltd. | 2022 | $230 crore |
| Royal Challengers Bangalore | United Spirits and Culver Max Entertainment | 2008 | $15778 crore |
| Kolkata Knight Riders | Red Chillies Entertainment and Mehta Group | 2008 | $75 crore |
| Rajasthan Royals | Manoj Badale, Lachlan Murdoch, Redbird Capital Partners | 2008 | $613 crore |
| Punjab Kings | Preity Zinta, Mohit Burman, Ness Wadia, and Karan Paul | 2008 | $1350 crore |
| Gujarat Titans | CVC Capital Partners | 2022 | $12500 crore |
Wrap up
Indian Premier League is one of the fastest-growing sports brands in the world. In this constantly growing market, the IPL owners are the major shareholders in shaping the future of the IPL. Also, with the kind of money and profit that is involved with the IPL, we might see more and more big companies and individuals trying to get associated with the league.
