It is pretty apparent that Indians love cricket, and millions of Indians look forward to this specific cricket event every summer. And if you're a fellow cricket lover, you'll understand what we're talking about. The Indian Premier League, or IPL, is one of India's most popular cricket tournaments. Fans look forward to seeing their favorite cricketers from across the world compete in teams.
The event is grand, and advertisers invest millions of dollars in it. But the main attraction before the event is the auction of players. Team owners spend so much money to get the most suitable players for their teams. Fans also observe this auction very carefully as it makes or breaks their favorite teams.
These club owners place bids for the players they desire, and if the player is popular or trendy, the costs might skyrocket. On the 12th and 13th of February, the IPL auction took place in Bangalore. The occasion was spectacular, and all of the team owners attended. When their favorite players were selected by their beloved teams, the supporters were ecstatic.
Let's take a look at how many teams are present this year, as well as all of their owners.
List of IPL Teams
- Mumbai Indians
- Chennai Super Kings
- Kolkata Knight Riders
- Royal Challengers Bangalore
- Rajasthan Royals
- Punjab Kings
- Sunrisers Hyderabad
- Delhi Capitals
- Gujarat Titans
- Lucknow Super Giants
Mumbai Indians
Owner: Reliance Industries Ltd.
Let’s start the list with one of the most popular teams in the game, Mumbai Indians. As the name suggests the team is based in Mumbai, Maharashtra. Mumbai Indians is a team completely owned by the Reliance Industries Ltd. Mukesh Ambani and Neeta Ambani bought Mumbai Indians in 2008. The team has won a lot of matches and has a massive fan following. The massive fan base stems from the renowned record of successful tournaments as well as the great players associated with it, such as Sachin Tendulkar, Malinga, Rohit Sharma, and others.
Chennai Super Kings
Owners: India Cements, Sharda Logistics, LIC, Radhakishan Damani, and Non-Promoter Group
The Chennai Super Kings are one of the most popular teams in the country, with major stars like MS Dhoni, Raina, Bravo, and a slew of others. This year, the squad has five owners and has become India's first unicorn sports team. The team is 54.6% owned by India Cements, 30.1% by Sharda Logistics, 6.9% by LIC, 6% by Radhakishan Damani, 2.4% Non-Promoter Group.
Kolkata Knight Riders
Owners: Red Chillies Entertainment & Mehta Group
Kolkata Knight Riders also known as KKR, is a team based in Kolkata, West Bengal. The team is known for their catchy phrase in Bengali, ‘Korbo, Lorbo, Jeetbo Re’. The team is owned 55% by Shah Rukh Khan’s Red Chillies Entertainment and 45% by Juhi Chawla and husband Jay Mehta’s Mehta Group.
Royal Challengers Bangalore
Owner: United Spirits Ltd.
The team, commonly referred to as RCB, is a force to be reckoned with in terms of talent. Many great names are associated with it, however, they are sometimes referred to as "underachievers" owing to some of their poor performances. United Spirits established the team, which is named after their well-known liquor brand Royal Challenge. The squad has a large fan base, and when it comes to games, the fans are incredibly enthusiastic and dedicated. The team is completely owned by United Spirits Ltd.
Rajasthan Royals
Owners: Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, and RedBird Capital
This team is known for buying unknown or less popular cricketers who have never played in such events. The management of the Royal Challengers is known to help upcoming cricketers become well-known faces. Most fans adore this quality of their favorite team. The team is owned by five different owners. The owners are Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, RedBird Capital.
PV Vyshnavi
Punjab Kings
Owners: Dabur, Wadia Group, Preity Zinta, and Apeejay Group
The franchise is based in Mohali, Punjab, and was previously known as Kings XI Punjab. The squad has a sizable fan base. At the time, the team is owned by four separate entities. The team is owned 46% by Dabur, 23% by Wadia Group, 23% by Preity Zinta and 8% by Apeejay Group.
Sunrisers Hyderabad
Owner: Kalanithi Maran
The team is based in Hyderabad, Telangana, and debuted in the IPL in 2013. The team was launched in 2012 after the IPL canceled the Hyderabad-based Deccan Chargers. Sunrisers replaced Deccan Chargers due to the bankruptcy of the Deccan Chronicles. Kalanithi Maran of the Sun TV Network owns the new Hyderabad-based team.
Delhi Capitals
Owners: GMR Group and JSW Group
The Delhi Capitals, formerly known as the Delhi Daredevils, first competed in the IPL in 2021. The squad has always been chastised by its fans for its dismal performance in previous competitions prior to the name change. However, they have done well in the previous two tournaments. They put up a fantastic show and finished at the top spots of the point table. GMR Group owns half of the corporation, while JSW Group owns the other half.
Alan Joseph
Gujarat Titans
Owner: CVC Capital
The Ahmedabad, Gujarat-based team, which was founded in 2021, will compete in its debut tournament this year. Hardik Pandya will head the team, which will be coached by Ashish Nehra. The franchise is owned by CVC Capital, and the fans are thrilled to have a new team to look forward to.
Lucknow Super Giants
Owner: RPSG Ventures Ltd.
The team was created in 2021, and its debut event will be held in 2022. It's a team from Lucknow, Uttar Pradesh. KL Rahul is the captain this year, while Andy Flower is the team coach. The team is owned by RPSG Ventures Ltd. The supporters are ecstatic to have a new team to support.
Conclusion
The Indian Premier League, or IPL, is one of the country's most popular cricket tournaments, with a large fan following. Teams are worth millions of dollars to companies and businesses. The better the players, the better the team and the higher the brand value, which is why the owners take the bidding process seriously and attempt to acquire as many strong players as possible. The auction is always exciting to watch, and fans are eager to see which players are assigned to which teams.
FAQs
Who has scored the fastest 50 in IPL?
KL Rahul has scored the fastest 50 in 2018. He faced 14 balls and made 51 runs.
Why did CSK leave the IPL for 2 years?
The team was suspended from the IPL for two years beginning in July 2015 owing to their owners' participation in the 2013 IPL betting case.
Is IPL under the BCCI?
Yes, IPL was founded by the BCCI in 2007.
Who is the owner of Mumbai Indians IPL team?
Mumbai Indians IPL Team is owned by Reliance Industries group - Mukesh Ambani, Nita Ambani along with son Akash Ambani.
Which IPL team has the highest brand value?
Chennai Super Kings has the highest brand value with the highest fan following.
Who is the richest IPL Team owner?
Mukesh Ambani is the richest IPL Team owner who owns Mumbai Indians IPL Team.
Source :- https://startuptalky.com/ Author :- Roshni Tamta Date :-March 21, 2022 at 04:37PM