IPL 2024 franchise Owners: All 10 Team Owner Details

There’s so much involved in getting a sports franchise up and running. Several IPL 2024 franchise owners must coordinate many vital aspects of operations that involve recruitment, budgeting, investing, attracting sponsors, getting media coverage, and so on. A functioning franchise involves several major decisions taken by its executive branch that comprises of the club’s owners.

The Indian Premier League (IPL) is one of world cricket’s most-exciting competitions and attracts countless viewers worldwide. Owning an IPL franchise can be quite lucrative, but is one of the world’s most-demanding positions to hold. Since 2008, several businesses and individuals have funded different franchises to deliver exciting cricket to teeming fanbases worldwide.

Let’s explore the current IPL 2024 franchise owners, affiliate businesses with each franchise, and other essential details.

Summary of IPL 2024 Franchise Owners

IPL TeamIPL Team Owner NameOwner Business
Chennai Super KingsN SrinivasanChennai Super Kings Cricket Limited & India Cements
Delhi CapitalsParth JindalGMR Group and JSW Group
Gujarat TitansCVC Capital Partners
Kolkata Knight RidersShah Rukh Khan, Juhi Chawla & Jay MehtaRed Chillies Entertainment & Mehta Group
Lucknow Super GiantsDr Sanjiv GoenkaRP Sanjiv Goenka Group
Mumbai IndiansMukesh AmbaniReliance Industries
Punjab KingsPreity Zinta, Ness Wadia, Mohit Burman, and Karan PaulDabur, Wadia Group, PZNZ Media, Apeejay Surrendra Group
Rajasthan RoyalsManoj BadaleBlenheim Chalcot
Royal Challengers BangaloreUnited Spirits Ltd.
Sunrisers HyderabadKalanithi MaranSun TV Network

IPL 2024 Franchise Owners

Ten (10) IPL 2024 franchises have different owners pulling the strings behind their operations. Let’s see the details about each franchise and the structure of their ownership.

1. Chennai Super Kings (CSK)

India Cements Limited owns the CSK franchise through their Chennai Super Kings Limited Holding Company. The holding company was created after IPL 2014 (December 2014) and earned team rights through India Cements Ltd., its parent firm. The cricket holding company is non-governmental and relies on decisions from top brass like N. Srinivasan, former president of India’s cricket governing body.

2. Delhi Capitals (DC)

GMR Group and JSW Group jointly own the DC franchise. Both groups collaborate to handle auction strategies, management, and other operations for the Delhi-based franchise.

3. Gujarat Titans (GT)

GT shocked IPL cricket in 2022 as debutants by winning the title in a fairytale ascendancy to the final. CVC Capital Partners owns the newbie IPL side and runs majority of its essential operations with a branch office in India. The company is a British investment advisory and purchased GT in 2021 for over Rs. 5,600 crore.

4. Kolkata Knight Riders (KKR)

The KKR franchise’s ownership is split in two; however, popular Bollywood star Shah Rukh Khan has a majority stake in the company. The actor’s company Red Chillies Entertainment currently owns 55% stake in the IPL franchise with the other share percentage owned by another group.

Jay Mehta and Juhi Chawla of The Mehta Group own the remainder of KKR’s stake in its entirety. Many of the club’s operations are handed by both companies, with The Mehta Group responsible for auction strategies, some management duties, and other functions required to advance the franchise.

5. Lucknow Super Giants (LSG)

RPSG Group owns the LSG franchise. The company’s head Sanjiv Goenka, purchased this franchise in a Rs. 7090 crore bid after IPL 2021. Before their new acquisition, RPSG once owned the Rising Pune Supergiants (RPG), a defunct team that once featured in two IPL seasons.

6. Mumbai Indians (MI)

Reliance Group, one of India’s most-valuable firms runs Mumbai Indians. The group is headed by Indian business mogul Mukesh Ambani, and it’s no wonder the IPL franchise is so successful throughout its existence. The company operates MI through its sports wing – the Indiawin Sports (PVT) Ltd. Nita (wife) and Akash (son) Ambani run the franchise through their sprots subsidiary.

7. Punjab Kings (PBKS)

PBKS is run by a combination of owners from Dabur, Wadia Group, PZNZ Media, and Apeejay Surrendra Group. Dabur owns 46% of the company running PBKS – KPH Dream Cricket (PVT) Ltd., making the company PBKS’ majority shareholder.

8. Rajasthan Royals (RR)

RR have had ownership changes in recent seasons; however, Emerging Media IPL Ltd. Managed by Manoj Badale currently owns majority stake in the franchise. Emerging Media IPL Ltd. owns 65% stake of RR with RedBird Capital Partners (15%) and Fox Corporation (undisclosed) as the other major shareholders of the IPL franchise.

9. Royal Challengers Bangalore (RCB)

United Spirits Ltd (USL) is a sub-company of Diageo Group and owns RCB, one of the IPL’s oldest franchises. The company appointed Prathmesh Mishra as RCB chair in mid-2021 and have gone on to make investments worth almost Rs. 1,000 crore in the Women’s IPL (WIPL).

10. Sunrisers Hyderabad (SRH)

Kalanithi Maran’s Sun Group currently owns the SRH franchise. The business mogul runs this franchise alongside his daughter Kavya Maran, the company’s co-owner. The Marans took ownership of the team’s operations after their first franchise (the Deccan Chargers) got terminated five seasons into the IPL (in 2012)

Leave a Reply

Your email address will not be published. Required fields are marked *