IPL owners 2023: Who owns each Indian Premier League team?

Billionaire businessmen, Bollywood superstars and European investment firms are all on the list of Indian Premier League team owners.

The T20 competition has taken the world by storm and changed the face of cricket since its inaugural season in 2008.

Players are earning more than ever before and much of this is due to significant investment on the part of the owners.

But where does the money come from?

Who Owns Each IPL Team?

Chennai Super Kings

Managing Director of India Cements Limited, N. Srinivasan has amassed considerable wealth and extensive experience as a sports administrator.

The Chennai Super Kings owner was a major power broker in world cricket, having previously served as Chairman of the International Cricket Council (ICC) and President of the Board of Control for Cricket in India (BCCI).

Srinivasan’s net worth is estimated at Rs.7.4 billion (£75 million, US$90 million, Australian dollars 130 million).

Capitals of Delhi

Delhi Capitals is jointly owned by GMR Group and JSW Group, which each own 50 percent of the team.

Parth Jindalrepresenting JSW, and Kiran Kumar Grandhirepresenting GMR oversees the management of Delhi Capitals.

Gujarat Titans

Private equity and investment advisory firm based in Luxembourg, CVC Capital Partnersbought Gujarat ahead of their introduction to the competition in 2021.

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Steve Koltes, Donald Mackenzie and Rolly van Rappard are co-chairs of the company.

CVC Capital Partners has total assets of approximately £117 billion (US$141 billion, A$207 billion)

Kolkata Knight Riders

Since the first season of the competition, KKR has been co-owned and managed by the Bollywood superstar’s company, Red Chillies Entertainment Shah Rukh Khan.

Khan’s company bought the team along with another Bollywood name in the actress Juhi Chawla and her husband Jay MehtaChairman of the powerful conglomerate Mehta Group.

Lucknow Super Giants

The Super Giants are owned by an Indian entrepreneur Sanjiv Gonka.

Founder and Chairman of RPSG Group, a $4.3 billion conglomerate.

Mumbai Indians

Mumbai is owned by Indiawin Sports, a subsidiary of Reliance Industries, India’s most valuable company.

Mukesh Ambani is Chairman and CEO of Reliance Industries.

As of February 2023, the 65-year-old is among the top 10 richest people in the world with a net worth of more than $80 billion.

Punjab kings

Punjab owned by a group of three businessmen (Mohit Burman, Nes Wadia, Karan Paul) and actress (Preity Zinta).

In 13 IPL seasons, they have yet to win a title and have only qualified for the finals twice.

Royal family from Rajasthan

Manoj Badalefrom Emerging Media, owns a 65 percent majority stake in Rajasthan Royals.

Lachlan Murdochthe son of Rupert Murdoch, is also a minority shareholder of the company.

Actress Shilpa Shetty was previously part of the owner but sold her stake in 2015.

Shane Warne, who led the Royals to the title in the IPL’s inaugural season, also owned a small percentage of the team before his tragic death in 2022.

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Royal challengers Bangalore

Indian Alcoholic Beverage Company, united spiritsowns RCB.

The team is named after one of the company’s brands – Royal Challenge Whisky.

Sunrisers Hyderabad

Sunrisers Hyderabad is owned by SUN Group, India’s largest media and entertainment company.

SUN Group was founded and is owned by Kalanithi Maranwhose net worth is listed as $2.3 billion.

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