IPL Team Owners 2024 List : Tata IPL Franchise Ownership Details

IPL Team Owners 2024:- The Tata Indian Premier League (IPL) has long been a cornerstone of cricketing entertainment, captivating millions of fans worldwide with its blend of athleticism, drama, and sheer spectacle. Yet, behind the scenes, it’s the team owners who wield significant influence, shaping the league’s destiny with their vision, resources, and strategic prowess. As we delve into the 2024 season, let’s unravel the tapestry of ownership behind the teams, exploring the faces and forces driving the Tata IPL franchises.

IPL Team Owners

The IPL stands as a pivotal force in reshaping cricket within the nation, earning its status as a game-changer. Undoubtedly, it reigns supreme as the world’s premier cricket league, boasting a global fanbase that extends far beyond India’s borders. For enthusiasts, the tournament is nothing short of a grand celebration, blending sporting prowess with elements of glamour and spectacle. Its colossal viewership solidifies its position as the most-watched cricket league internationally, marking a significant shift in the global cricketing landscape.

Comprising a total of 10 teams, the Indian Premier League undergoes an annual ritual of player auctions, wherein franchises make strategic decisions that shape the destiny of athletes. With each team allotted a fixed budget, the acquisition of new players demands meticulous planning and calculation, highlighting the intricate nature of player selection in this high-stakes competition.

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IPL Team Owners Overview 2024

Teams List in IPL 2024

• Sunrisers Hyderabad
• Chennai Super Kings
• Rajasthan Royals
• Delhi Capitals
• Mumbai Indians
• Royal Challengers Bangalore
• Kolkata Knight Riders
• Punjab Kings
• Gujarat Titans
• Lucknow Supergiants

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Indian Premier League Team Owners

This season, the IPL boasts 10 formidable teams, each with its distinct owner(s) at the helm. Let’s delve into the roster of teams and their esteemed IPL owners:

Each team’s ownership reflects a blend of passion, vision, and strategic acumen, contributing to the IPL’s unparalleled excitement and competitiveness.

IPL Team Owners List 2024

Here’s the IPL Team Owners List for 2024:

Chennai Super Kings- N Srinivasan

Presently, the ownership of Chennai Super Kings rests with the renowned corporation India Cements Limited, facilitated through one of their subsidiary entities, Chennai Super Kings Cricket Limited, established in 2014. Furthermore, when discussing precise ownership details, the name of N. Srinivasan surfaces prominently. Serving as the current managing director of India Cements Limited, Srinivasan also holds the mantle of ownership for CSK. Since the inception of the IPL in 2008, Srinivasan has remained the de facto owner of the team, steering its course through various seasons.

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Delhi Capitals- Parth Jindal

Delhi Capitals stands among the original eight teams that inaugurated the IPL in 2008. Based in New Delhi, the franchise made an impressive debut by reaching the finals of the inaugural tournament. Originally known as Delhi Daredevils, the team was acquired by GMR Group for $84 million in 2008. However, in 2018, JSW Sports, a subsidiary of the JSW Group, purchased a 50% stake in Delhi Daredevils, prompting a rebranding to Delhi Capitals. The acquisition of this stake amounted to ₹550 crore. Presently, both JSW Group and GMR Group share ownership of the team, actively participating in its management and operations. As of 2023, Delhi Capitals holds the distinction of being the fifth most valuable IPL team, boasting an estimated value of $1.035 million.

Punjab Kings- Preity Zinta, Ness Wadia, Mohit Burman, and Karan Paul

The Punjab Kings, previously known as Kings XI Punjab, is a franchise owned collectively by Bollywood actress Preity Zinta, businessman Ness Wadia, Mohit Burman, and Karan Paul. The acquisition of the franchise took place in 2008. Despite not clinching an IPL title to date, the team has demonstrated consistent performance throughout the league.

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Mumbai Indians- Mukesh Ambani

The ownership of the Mumbai Indians lies with none other than the renowned Ambani family, known globally for their immense wealth and business prowess. Mukesh Ambani, the patriarch of the family, serves as the owner of Reliance Industries, a conglomerate of significant stature. However, Mumbai Indians is not directly owned by Reliance Industries. Instead, it is owned by Indian Win Sports Limited, a subsidiary of Reliance Industries established in 2007. Indian Win Sports Limited holds ownership stakes in multiple sports franchises worldwide. Overseen by Mukesh Ambani’s wife, Mrs. Nita Ambani, and their son, Akash Ambani, the sports division of Reliance Industries manages the operations of Mumbai Indians. Both Nita and Akash Ambani play integral roles in decision-making for the team and are frequently seen supporting the team during matches. Nonetheless, on paper, Mukesh Ambani stands as the sole owner of the Mumbai Indians franchise.

Kolkata Knight Riders- Shah Rukh Khan, Juhi Chawla & Jay Mehta

The ownership of the Kolkata Knight Riders shines with the glitter of Bollywood stardom. Renowned Bollywood actor Shah Rukh Khan and actress Juhi Chawla are the proud owners of the Kolkata Knight Riders. KKR holds the distinction of being one of the original eight teams in the IPL. Initially acquired by Shah Rukh Khan’s film production company, Red Chillies Entertainment, in collaboration with Juhi Chawla and her spouse, Jay Mehta, the acquisition cost amounted to ₹2.98 billion at the time. Fans can often spot both Shah Rukh Khan and Juhi Chawla, accompanied by their families, passionately cheering for their team during matches.

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Sunrisers Hyderabad- Kalanithi Maran

Sunrisers Hyderabad is under the ownership of one of India’s largest media conglomerates, SUN Group Private Limited. Renowned for its dominance in the entertainment and media sectors, the SUN Group operates various subdivisions, including film and television production, publishing, radio, cable television, DTH service, and broadcasting. Kalanithi Maran, the current chairman and owner of the SUN Group, thus holds the ownership of Sunrisers Hyderabad as well.

Rajasthan Royals -Manoj Badale

Rajasthan Royals, headquartered in Jaipur, stands as one of the most beloved franchises in the IPL, capturing the hearts of fans across the globe. Notably, RR clinched victory in the inaugural IPL season in 2008, garnering immense acclaim. However, despite their early success, the team faced challenges in securing subsequent titles. Interestingly, Rajasthan Royals emerged as the most economically feasible option among the eight franchises during the IPL 2008 auction, with Emerging Media acquiring the franchise for $67 million. Although RR’s fan base continued to flourish, the team encountered setbacks due to controversies tarnishing its reputation. In 2010, ownership controversies arose concerning a silent shareholder holding a significant stake in the team, along with allegations of fraudulent bids during auctions, contravening BCCI regulations. Subsequently, in 2015, businessman Raj Kundra and renowned actress Shilpa Shetty acquired stakes in RR. However, their tenure was marred by involvement in a betting and match-fixing scandal, resulting in a two-year ban for Rajasthan Royals, along with other implicated teams. Despite the adversities, Rajasthan Royals perseveres, fueled by the unwavering support of its dedicated fan base.

Delhi Capitals (DC) Owner

Royal Challengers Bangalore

RCB stands as one of the pioneering franchises in the IPL, having been a part of the inaugural season of the tournament. In 2008, Royal Challengers Bangalore was acquired by Vijay Mallya, the former chairman of Kingfisher Airlines and United Spirits. The auction for RCB saw a remarkable bid of $111.6 million, securing its position as the second-highest bid during that time. However, Vijay Mallya’s association with RCB lasted only until 2016 when he defaulted on a significant loan, necessitating his departure from the country to evade legal repercussions. Presently, Vijay Mallya is classified as a fugitive and a wanted criminal. With the cessation of Kingfisher Airlines, the sole ownership of RCB now rests with United Spirits. Currently, Royal Challengers Bangalore ranks as the sixth most valuable franchise in the IPL, boasting a valuation of INR 1.25 billion.

Gujarat Titans

Gujarat Titans, although a relatively recent addition compared to other IPL franchises, made an indelible mark with their remarkable performance, securing victory in their debut IPL season in 2022. Hailing from Ahmedabad, the team, led by Hardik Pandya until 2023, stunned fans with their exceptional gameplay. Their debut success wasn’t the only surprise; Gujarat Titans continued their stellar performance, reaching the IPL 2023 finals, albeit losing to the Chennai Super Kings. In 2021, Gujarat Titans went up for auction alongside another franchise, attracting bids from numerous companies. Ultimately, CVC Capital Partners emerged triumphant, securing ownership of Gujarat Titans with a bid of ₹5,625 crores.

Lucknow Super Giants- Dr Sanjiv Goenka

Sanjiv Goenka is the proprietor of the Lucknow SuperGiants franchise in the Indian Premier League (IPL). The team falls under the umbrella of the RPSG Group, a conglomerate with extensive interests spanning various sectors such as power and energy, retail, sports, and entertainment. Headquartered in Kolkata, India, the RPSG Group stands as one of the nation’s largest business conglomerates. Sanjiv Goenka serves as the Chairman of the RPSG Group, which was established by his father, R.P. Goenka.

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Conclusion

In conclusion, the IPL’s allure extends far beyond cricket, evolving into a thriving business arena. IPL 2024 showcases a diverse array of ownership, blending familiar faces with industry giants. These owners, with their expansive business empires, are instrumental in shaping their franchises’ identities and contributing to the league’s success. As the tournament unfolds, their vision and impact on the IPL ecosystem promise to add further excitement and dynamism to the cricketing spectacle.

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