Discover the IPL Team Owners List 2024
November 10, 2024
November 10, 2024
Owning a sports team involves numerous responsibilities, including player recruitment, hiring coaching staff, managing crew members, budgeting, making investments, formulating auction strategies, and handling media relations.
The operation of a franchise and the major decisions that come with it cannot move forward without the approval of the team owners, much like in any other organization.
IPL Team Owners List is no simple task. Beyond managing internal and external affairs, the team’s global reputation plays a significant role. Over the years, there have been multiple changes in franchise ownership since IPL’s debut in 2008. However, some owners have remained in charge and continue to manage their teams in this lucrative league.
Now, let’s take a look at the owners of the 10 IPL Team Owners List 2024 season.
The Mumbai Indians, the most successful team in the IPL, are owned by the Reliance Group, led by Indian business magnate Mukesh Ambani. The franchise is managed by Indiawin Sports Private Limited, a company under Reliance Industries.
Nita Ambani, Mukesh Ambani’s wife, co-owns the team, along with their eldest son, Aakash Ambani, who is also a co-owner. Both Nita and Aakash play active roles in the team’s operations and various activities. In addition to Mumbai Indians, the Ambani family owns several other franchises, including a women’s team in the Women’s Premier League.
Chennai Super Kings is owned by India Cements Limited through its subsidiary, Chennai Super Kings Cricket Limited. This holding company was established in December 2014, when it acquired the team rights from India Cements. Chennai Super Kings Cricket Limited operates as a non-governmental entity.
The franchise’s main decision-maker is N Srinivasan, the former president of the Board of Control for Cricket in India (BCCI), who also serves as the Vice Chairman and Managing Director of India Cements.
The ownership of KKR is shared between two entities. Red Chillies Entertainment, led by the famous Indian actor Shah Rukh Khan, holds a 55% stake in the franchise. The remaining 45% is owned by the Mehta Group, which is managed by Jay Mehta and Juhi Chawla.
Shah Rukh Khan is the prominent figure representing the team, while the Mehta Group primarily oversees the team’s management, operations, and auction strategies.
The ownership structure of the Rajasthan Royals has evolved over time. As of 2023, the majority stake (65%) is held by Manoj Badale’s Emerging Media IPL Ltd. New York-based RedBird Capital Partners owns 15% of the franchise, with Garry Cardinale, the founder of RedBird Capital, representing the group in its association with the team. Another shareholder is Lachlan Murdoch from Fox Corporation, although the exact percentage of his ownership has not been made public.
The Hyderabad-based franchise has been owned by the Sun Group, led by Kalanithi Maran, ever since the Deccan Chargers were terminated in 2012. Kavya Maran, Kalanithi’s daughter, co-owns the franchise and is often seen at public events, including participating in the IPL auction bids. She has been managing the team operations since 2020.
The Gujarat Titans were one of the two new teams introduced to the IPL in 2022, following the Indian cricket board’s decision to expand the league back to a 10-team format. In October 2021, the franchise was acquired by CVC Capital Partners, a UK-based private equity and investment advisory firm, with a significant bid of INR 5625 crore.
Royal Challengers Bangalore is owned by United Spirits Limited (USL), which is a part of the Diageo Group. In July 2021, Prathmesh Mishra succeeded Anand Kripalu as the chairman of RCB. Additionally, the organization acquired stakes in the Women’s Premier League, securing a franchise valued at INR 971 crore.
The ownership of the Delhi Capitals is shared equally between two entities: the GMR Group, led by Grandhi Mallikarjuna Rao, and the JSW Group, headed by Jindal South West.
Parth Jindal, the director of JSW Sports, serves as the chairman of the Delhi Capitals. He oversees the auction processes for the IPL as well as for the franchise’s teams in the Women’s Premier League and various international T20 leagues. Parth collaborates with Kiran Grandhi, a business executive who is the CEO and Managing Director of GMR Group, to manage the operations of the team.
The Punjab Kings IPL team is owned by four individuals: Mohit Burman (from Dabur), Ness Wadia (of Wadia Group), Preity Zinta (PZNZ Media), and Karan Paul (Apeejay Surrendra Group).
Burman holds a 46% stake in KPH Dream Cricket Pvt. Ltd, the company that owns the Punjab Kings. Both Preity Zinta and Ness Wadia have an equal share of 23% each, while Karan Paul owns 8% of the franchise.
In October 2021, the RPSG Group, led by Sanjiv Goenka, secured the rights to own a franchise in Lucknow with a bid of Rs 7090 crore. Prior to this, the RPSG Group had owned the Rising Pune Supergiant IPL team during the 2016 and 2017 seasons.
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