IPL 2023: Know how much is the brand value of IPL teams and who are their owners

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IPL 2023: Know how much is the brand value of IPL teams and who are their owners

IPL Teams and their Brand Value.

IPL Teams and their Brand Value.

IPL 2023:The first season of the Indian Premier League (IPL) started on 18 April 2008. A total of eight teams participated in the 2008 season. In the final match held on 1 June 2008, Rajasthan Royals lifted the IPL trophy for the first season by defeating Chennai Super Kings. Since 2008 till now IPL tournament has been happening every year. IPL 2023 is the total 16th season of IPL so far. In the 15th season of IPL 2022, two new teams Gujarat Titans and Lucknow Supergiants were included. Who are the owners of these teams today, what is the total valuation of these franchises.

Valuation of IPL franchises and their owners

Mumbai Indians

The team that won five IPL trophies and is the most successful team in the history of IPL is owned by Mukesh Ambani and Nita Ambani. The net worth of the Mumbai Indians team is the highest among all the IPL teams. The brand value of the Mumbai Indians team is US$ 1.3 billion. Whose cost will be more than 1 trillion rupees. The rights of the Mumbai Indians team are with Reliance Industries Limited. Mukesh Ambani is the head of Reliance Industries. This company works in many sectors like petroleum, retail, telecom.

Let’s know the names of the owners of IPL teams and the brand value of the teams

Chennai Super Kings team is owned by Chennai Super Kings Cricket Limited, the team that has won the most IPL trophies four times after Mumbai Indians in IPL. As of February 2022, the total net worth of Chennai Super Kings is $1.15 billion. Chennai Super Kings Cricket Limited is owned by India Cements Limited, owned by industrialist N Srinivasan. N Srinivasan is the former President of the Board of Control for Cricket in India (BCCI) and has also been the Chairman of the International Cricket Council (ICC).

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Kolkata Knight Riders

Kolkata Knight Riders (KKR) have become IPL champions twice so far. KKR won its first title in 2012 and second in 2014. Currently, the total brand value of the Kolkata Knight Riders franchise is US$ 1.1 billion. Kolkata Knight Riders is owned by Red Chillies Entertainment and Mehta Group. Red Chillies Entertainment is owned by Bollywood superstar Shah Rukh Khan and his wife Gauri Khan and the Mehta Group is owned by Jai Mehta. Jai Mehta’s wife is Bollywood actress Juhi Chawla. She often comes to support KKR during IPL.

Lucknow Supergiants

Lucknow Supergiants became a part of the IPL in the IPL 2022 season and finished third in their first season. The franchise of Lucknow Supergiants is owned by the RP Sanjiv Goenka (RPSG) Group. Whose industrialist is Dr. Sanjeev Goenka. This team was bought by Sanjiv Goenka by bidding Rs 7090 crore. The total brand valuation of Lucknow Supergiants is US$ 1.075 billion.

delhi capitals

The Delhi Capitals IPL franchise is owned by the GMR Group and the JSW Group. Parth Jindal, director of JSW Sports, is the chairman of Delhi Capitals (DC). The total brand valuation of the IPL franchise Delhi Capitals, as of 2022, is US$ 1.035 billion. Electric vehicle (EV) infrastructure provider Bolt had signed on to be the principal sponsor of the franchise in March 2022.

Royal Challengers Bangalore

One of the most fan following teams of IPL. This team has star players like former Indian captain Virat Kohli, Faf du Plessis, Glenn Maxwell. The Royal Challengers Bangalore (RCB) franchise is owned by United Spirits Limited, a child company of the Diago Group. The total brand valuation of this team is 1.025 billion US dollars. In this case, this franchise comes in sixth place.

Rajasthan Royals

IPL franchise Rajasthan Royals has been the champion of the first season of IPL in 2008 season. The home ground of Rajasthan Royals is Sawai Mansingh Stadium, Jaipur, Rajasthan. The franchise is owned by British businessmen Manoj Badle and Murdoch. Manoj Badle holds up to 70 percent shares of the Rajasthan Royals franchise. The total brand valuation of the Rajasthan Royals franchise is one billion US dollars.

Sunrise Hyderabad

The IPL franchise Sunrisers Hyderabad (SRH) has been the champion of the IPL season 2016. Kavya Maran is the CEO of Sunrisers Hyderabad. She is the daughter of businessman Kalanithi Maran, the owner of Sun TV Network. Kalanithi Maran is the owner of Sunrisers Hyderabad. The total brand valuation of Sunrisers Hyderabad is US$ 970 million.

Punjab Kings

The former name of the IPL franchise Punjab Kings was Kings XI Punjab. The Punjab Kings franchise is owned by Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul. Punjab Kings have never won the IPL title and perhaps that’s why the valuation of this team is one of the lowest among all IPL franchises. The total valuation of Punjab Kings is $925 million.

Gujarat Titans

Gujarat Titans captured the IPL title in their very first season under the captaincy of Hardik Pandya. Gujarat Titans, who won the IPL in their first season, is at the 10th position in the brand valuation rankings. The $850 million franchise is owned by CVC Capital Partners. Gujarat Titans will aim to win the IPL trophy once again in 2023.

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