The 11th edition of the Indian Premier League made a grand entry on April 7 and going by the affairs that have been taking place among all the eight IPL 2018 teams, a clear fact has been established, that IPL 2018 has become the biggest T20 league in terms of every aspect of the tournament. Be it the team structure, the infrastructure, the players, captains, coaches and the staff, Indian Premier League 2018 has become the definition of an ideal cricket festival that has managed to engage every single fan of the sport in equal measure. Much of the credit for the IPL to get to such a level needs to go to the IPL Team Owners 2018, who have invested in their respective IPL teams through ideas and capital in equal importance. In this article, we will take a look at all the eight IPL Team Owners 2018.
IPL Team Owners – Mumbai Indians
The IPL team owners 2018 of the Rohit Sharma-led Mumbai Indians is India’s biggest conglomerate, i.e. Reliance Industries, and functions under it’s subsidiary – India win Sports Private Limited. Mukesh Ambani heads the company, while his wife Nita Ambani represents it in team activities, and is generally at the face of the affairs.
The Mumbai franchise was sold to the Reliance Industries Ltd (RIL) for $111.9 million ahead of the inaugural edition of the IPL, making it the most expensive team to be sold in the Indian Premier League. RIL, owned by Mukesh Ambani acquired the rights to the franchise for a period of 10 years and it was then that the franchise was eventually named ‘Mumbai Indians’.
IPL Team Owners – Chennai Super Kings
The Mahendra Singh Dhoni-led team was a part of the eight teams that were introduced in the inaugural edition of the Indian Premier League, i.e. IPL 2009. The ‘Yellow Brigade’ as CSK is popularly known among it’s fans, was purchased for $91 million by the firm – India Cements Limited – which is owned by N. Srinivasan, making it the fourth most expensive team in the league behind Mumbai, Bangalore and Hyderabad.
Later on, the ownership of Chennai Super Kings was transferred to a separate entity named Chennai Super Kings Cricket Limited (current IPL team owners 2018 for CSK) after the Supreme Court of India struck down the controversial amendment to the BCCI constitution’s clause 6.2.4 that allowed board officials (in this case, N. Srinivasan) to have a commercial interest in the IPL and the Champions League T20.
IPL Team Owners – Delhi Daredevils
The IPL Team owners 2018 of the Delhi Daredevils is the GMR Group, which is owned by GM Rao. The Delhi team had named Gautam Gambhir the captain for IPL 2018 edition, but as DD struggled early on to make impactful performances and win matches, the Delhi cricketer stepped down from the post which led to the young gun Shreyas Iyer take up the captaincy of the team in IPL 2018. Another important development that occurred in Delhi Daredevils was in March 2018, when GMR Sports sold 50 percent of its stake in the team to JSW Sports
IPL Team Owners – Rajasthan Royals
One of the eight founding members of the IPL in 2008, Jaipur-based Rajasthan Royals franchise was sold to the Emerging Media for $67 million, making it the least expensive team in the league. The fact, however, didn’t stop the team from winning the IPL 2008 title.
The IPL team owners 2018 of Rajasthan Royals are a handful, with Manoj Badale being the majority shareholder. Other investors include Lachlan Murdoch, Aditya S. Chellaram, and Suresh Chellaram.
The team plays it’s home matches at the Sawai Mansingh Stadium in Jaipur and also had secondary home grounds at the Sardar Patel Stadium at Ahmedabad and the Brabourne Stadium at Mumbai.
IPL Team Owners – Royal Challengers Bangalore
One of the founding teams of the Indian Premier League, the Royal Challengers Bangalore was purchased by Vijay Mallya, who paid US$ 111.6 million for the team, making it the second most expensive IPL team at the time, after Reliance Industries, who bid US$ 111.9 million for the Mumbai Indians.
Currently, the RCB team is owned by United Spirits Limited, abbreviated to USL, which is an Indian alcoholic beverages company, and the world’s second-largest spirits company by volume. It is a subsidiary of Diageo, and headquartered at UB Tower in Bengaluru, Karnataka.
IPL Team Owners – Kings XI Punjab
One of the original eight Indian Premier League teams, the Kings XI Punjab or KXIP, is co-owned by multiple owners. The IPL team owners 2018 for the Punjab-based franchises are the Dabur Group’s Mohit Burman, who holds 46% of the team equity, the Wadia group’s Ness Wadia, who holds 23% of the team equity, Preity Zinta (23%), and Saptarshi Dey of the Dey & Dey Group, who holds a minor stake in the team. The group had paid a total of $76 million to acquire the franchise. Currently, KXIP is being captained by Team Indian spin veteran Ravichandran Ashwin.
IPL Team Owners – Kolkata Knight Riders
The team owners 2018 of the Kolkata-based team, Kolkata Knight Riders or KKR, are; Bollywood actor and legend Shah Rukh Khan’s company Red Chillies Entertainment, Bollywood actress Juhi Chawla and her husband Jay Mehta, who had bought the franchise ahead of IPL 2008 for a price of $75.09 million, which was equal to approximately ₹2.98 billion at that time.
IPL Team Owners – Sunrisers Hyderabad
Sunrisers Hyderabad was founded in 2012 after the Hyderabad-based Deccan Chargers were terminated by the IPL. The team is owned by Sun TV Network who won the bid with ₹850.5 million (US$13 million) per year for a five-year deal, a week after the Chargers were terminated due to prolonged financial issues. Sun TV Network Limited, which is headquartered in Chennai, is one of India’s biggest television networks with 32 TV channels and 45 FM radio stations, making it India’s largest media and entertainment company.
The team is currently captained by Kane Williamson and coached by Tom Moody. The primary home ground of SRH is the Rajiv Gandhi International Cricket Stadium.
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