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Owners of IPL Teams 2024

The Indian Premier League (IPL) is undoubtedly one of the most popular and lucrative cricket leagues in the world.
While the on-field action and performances captivate millions of fans annually, there is a significant business and financial side to the IPL that plays a big role in its success.
In this comprehensive guide, we will delve into the various financial aspects of the IPL through a detailed analysis of team ownership models, valuations, revenues and the overall economic impact of the tournament.

Current IPL team owners for 2024:

Mumbai Indians

  • Owners: Reliance Industries
  • CEO: Nita Ambani
  • Brand value: $115 million (₹900 crores)
  • Sponsors: Jio, MPL Sports, Vimal Elaichi

Chennai Super Kings

  • Owners: India Cements/Chennai Super Kings Cricket Ltd. (N Srinivasan)
  • CEO: Kasi Viswanathan
  • Brand value: $100 million (₹800 crores)
  • Sponsors: Airtel, Swiggy, TVS

Delhi Capitals

  • Owners: Kiran Kumar Grandhi (GMR Group) and Parth Jindal (JSW Group)
  • CEO: Vinod Bisht
  • Brand value: $85 million (₹675 crores)
  • Sponsors: Daikin, Dream11, Byju’s

Gujarat Titans

  • Owners: CVC Capital Partners (Steve Koltes, Donald Mackenzie, and Rolly van Rappard)
  • CEO: Ashish Seth
  • Brand value: $50 million (₹400 crores)
  • Sponsors: Adani Group, BYJU’s, Swiggy, Ather

Kolkata Knight Riders

  • Owners: Shah Rukh Khan, Juhi Chawla, Jay Mehta
  • CEO: Venky Mysore
  • Brand value: $75 million (₹600 crores)
  • Sponsors: Hyundai, Dream11, Boost

Lucknow Super Giants

  • Owners: RPSG Group (Sanjeev Goenka)
  • CEO: Vijay Dahiya
  • Brand value: $55 million (₹425 crores)
  • Sponsors: Nimbus Post, Unacademy, Clover

Punjab Kings

  • Owners: Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul
  • CEO: Satish Menon
  • Brand value: $60 million (₹475 crores)
  • Sponsors: Byju’s, Royal Stag, Poppat

Rajasthan Royals

  • Owners: Manoj Badale, Lachlan Murdoch
  • CEO: Jake Lush McCrum
  • Brand value: $70 million (₹550 crores)
  • Sponsors: Tata Motors, Colgate, American Tourister

Royal Challengers Bangalore

  • Owners: United Spirits
  • CEO: Prathmesh Mishra
  • Brand value: $80 million (₹625 crores)
  • Sponsors: Muthoot Fincorp, Myntra, Vedant Fashions

Sunrisers Hyderabad

  • Owners: Sun TV Network (Kalanithi Maran)
  • CEO: Kavya Maran
  • Brand value: $65 million (₹500 crores)
  • Sponsors: Acko, JioSaavn, BharatMatrimony

The role of team owners & sponsors in IPL

IPL team owners play the most important role in the financial success and management of the franchises. Since the inception of the league in 2008, team owners have invested huge sums of money to build their brands and drive the commercial growth of the IPL. Some of the prominent team owners include N Srinivasan (Chennai Super Kings), Vijay Mallya (Royal Challengers Bangalore), Gautam Adani/Adani Group (Gujarat Giants), Preity Zinta (Kings XI Punjab), Shah Rukh Khan (Kolkata Knight Riders) among others.

Apart from shouldering the financial responsibilities, owners are also actively involved in the decision making around team strategies, player auctions and retention, and the overall on-field and off-field management of the franchises. Their sound business acumen and marketing strategies have helped establish the IPL as one of the most profitable sports leagues in the world. On the other hand, team sponsors like BYJU’S, Dream11, Paytm, Swiggy, Cred etc associate with the IPL teams for brand visibility and to leverage the massive viewership and engagement of the tournament.

Understanding IPL Team Ownership

Owning an IPL franchise requires a substantial upfront investment running into hundreds of crores. When the IPL started in 2008, each franchise was sold for a fee of $400 million which is approximately ₹2700 crores in today’s terms. While the amounts have increased over the years, there are significant ownership benefits and returns that make it a lucrative long term business decision for entrepreneurs.

Some of the key responsibilities and challenges of IPL team owners include – deciding the team name, logo, kit colours and designing the team brand identity. Hiring the coach and support staff, finalizing the player auction strategy and retention list, negotiating player contracts and salaries. Setting the team budget, managing revenues and expenses. Marketing the team brand through promotions, partnerships and fan engagement programs. Handling the day to day operations and ensuring the smooth conduct of home matches. Expanding the team’s commercial rights and growing the fanbase both in India and globally. Dealing with the on-field performance pressures and ensuring the team remains competitive over 8-10 years.

However, the rewards have been ample for successful and consistent franchises like Mumbai Indians and Chennai Super Kings who have built hugely profitable brands. Appreciation in the team valuations, annual revenues from BCCI/IPL central pool, profits from ticket and merchandise sales, in-stadium experiences and sponsorships are some of the financial returns. Overall, owning an IPL team provides a large platform for business owners to promote their brands and achieve an exponential Return on Investment over a period of 10-15 years.

IPL Team Sponsors

Team sponsors play a pivotal role in driving the commercial revenues of IPL franchises. On an average, the title sponsorships of IPL teams are estimated to be in the range of ₹25-50 crores annually depending on the team’s popularity and performance. Some teams also associate with multiple co-sponsors for their jerseys, training kits and other assets which cumulatively add upto ₹10-20 crores per season.

Associating with a top IPL team provides huge brand visibility, marketing opportunities and engagement metrics for sponsors. During an IPL match, the team jerseys and kits get extensive coverage across various broadcast and digital platforms. This helps sponsors achieve high reach, impact and recall through the tournament period. IPL team sponsorships are thus highly sought after by major brands across categories like mobile handsets, fantasy sports, edutech, fintech, food delivery etc.

Overall, the sponsorship pie has grown significantly over the years in line with the exponential growth of IPL’s viewership and valuation. It is estimated that IPL team sponsorships currently generate annual revenues of over ₹500-600 crores for the franchises combined. This revenue stream plays a vital role in covering the team operational costs and contributing to their overall profits.

IPL team valuations

The brand valuations of IPL franchises have witnessed a massive surge over the past decade reflecting the phenomenal rise of the tournament. According to various reports and estimates, here are the current brand valuations of the 10 IPL teams:

  • Mumbai Indians – $110-115 million (₹850-900 crores)
  • Chennai Super Kings – $95-100 million (₹750-800 crores)
  • Delhi Capitals – $80-85 million (₹625-675 crores)
  • Royal Challengers Bangalore – $75-80 million (₹600-625 crores)
  • Kolkata Knight Riders – $70-75 million (₹550-600 crores)
  • Rajasthan Royals – $65-70 million (₹500-550 crores)
  • Sunrisers Hyderabad – $60-65 million (₹475-500 crores)
  • Punjab Kings – $55-60 million (₹425-475 crores)
  • Lucknow Super Giants – $50-55 million (₹400-425 crores)
  • Gujarat Titans – $45-50 million (₹350-400 crores)

Some of the key factors that have led to the increase in IPL team valuations include – exponential growth in viewership and digital consumption over the years, expansion of the IPL brand globally, appreciation of Indian cricket and the economy. Successful team performances translating to large fan followings, consistent profits and cash flows for franchises have also boosted their commercial worth. It is projected that the top IPL team valuations may cross $150-200 million in the next 5 years.

The Business Side of IPL

The IPL has grown to become one of the most profitable sports leagues in the world from a business perspective. Some of the key financial metrics that highlight IPL’s commercial success are:

  • IPL Media Rights (2018-2022): Disney Star paid ₹16,347.50 crores for the digital and TV broadcast rights.
  • IPL Title Sponsorship (2018-2022): VIVO paid BCCI ₹2,199 crores per year for the title rights.
  • IPL Central Revenue Pool (2022): BCCI distributed ₹490 crores among the 10 franchises.
  • IPL Economic Impact (2022): Generated ₹47,000 crores for the Indian economy according to a BCCI report.
  • IPL Team Revenues (2022): Top franchises like MI, CSK earned over ₹300-400 crores combining central pool money, own revenues and profits.
  • IPL Brand Valuation Growth (2022): Increased by 50% since 2020 to $6.8 billion according to Duff & Phelps Valuation.

The IPL has emerged as one of the most profitable sporting leagues globally within a short span of 15 years. Its success can be attributed to strong governance and management by BCCI combined with the commercial acumen of team owners. The league has made cricket a year-long sport and brand in India with immense benefits for the economy as well. With increasing digital reach and global expansion, IPL’s revenues and brand value are projected to scale new highs in the future.


In this comprehensive guide, we analyzed the various financial aspects that have contributed to IPL’s phenomenal success as the most lucrative T20 cricket league. The active involvement of team owners in building robust brands and the role of sponsors as key commercial partners were discussed in detail. We also saw how consistent performances have led to exponential increase in IPL team valuations over the years.

Some of the key highlights included the IPL’s massive media rights value, large title sponsorships, distribution of revenues among franchises and overall economic impact on India. In summary, the commercial acumen of all IPL stakeholders including the BCCI, team owners, sponsors and franchises has established the tournament as the most profitable sports business venture globally within a short span of 15 years. As the IPL continues to expand its global reach and digital footprint, its financial growth prospects remain hugely promising for the future.

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