From IPL 2022, two new teams have been added to the Indian Premier League. Lucknow Super Giants and Gujarat Titans proved to be very expensive for the owners due to IPL’s brand value and popularity among cricket fans. But which were the most expensive IPL teams when they were bought by the owners? Know all the details here:
IPL Teams and Owners
Currently, the IPL features ten teams. The franchises and their owner details are as follows:
| Teams | Owners | Price |
|---|---|---|
| Chennai Super Kings | India Cements | Rs 689 crores |
| Delhi Capitals | GMR Group and JSW Group | Rs 630 crores |
| Gujarat Titans | Adani Group | Rs 5600 crores |
| Kolkata Knight Riders | Red Chillies Entertainment and Mehta Group | Rs 569 crores |
| Lucknow Super Giants | Sanjiv Goenka Group | Rs 7090 crores |
| Mumbai Indians | Reliance Industries | Rs 850 crores |
| Punjab Kings | Mohit Burman, Ness Wadia, and Preity Zinta | Rs 576 crores |
| Rajasthan Royals | Manoj Badale | Rs 508 crores |
| Royal Challengers Bangalore | United Spirits | Rs 845 crores |
| Sunrisers Hyderabad | Sun TV Network | Rs 425 crores |
So let’s explore the top 10 most expensive IPL team franchises
1. Lucknow Super Giants – INR 7090 crores
RPSG Group won the bid for the Lucknow-based franchise by paying out a whopping 7090 crores in the IPL auction 2021. The RPSG Group has companies in transmission, power and energy, and Fast Moving Consumer Goods.
Read more: IPL 2024 – Lucknow Super Giants Preview: Squad, History, Strengths, Weaknesses, Schedule and More
2. Gujarat Titans – INR 5600 crores
The Ahmedabad-based franchise Gujarat Titans were bought by the equity investment firm, CVC Capital Partners for an amount of 5600 crores, as per reports. GT made its debut in 2022.
Read more: IPL 2024 – Gujarat Titans Preview: Squad, History, Strengths, Weaknesses, Schedule and More
3. Mumbai Indians – INR 850 crores
Mukesh Ambani put in a bid of 850 crores for buying the Mumbai Indians in 2008, which was the highest amount spent by any owner in the first auction for the IPL teams.
Read more: IPL 2024 – Mumbai Indians Preview: Squad, History, Strengths, Weaknesses, Schedule and More
4. Royal Challengers Bangalore – INR 845 crores
Vijay Mallya won the bid for RCB, a Bangalore-based franchise by paying a huge amount of 845 crores ($111.6 Million).
Read more: IPL 2024 – Royal Challengers Bangalore Preview: Full Squad, Strength, Weakness, Schedule and more
Also Check: Top 10 Most Valuable IPL Brands Ahead of IPL 2024
5. Chennai Super Kings – INR 689 crores
CSK is the joint most successful team in the Indian Premier League history that was bought by the renowned cement manufacturers and suppliers, India Cements. As per reports, the company shelled out 689 crores to win the bid.
Read more: IPL 2024 – Chennai Super Kings Preview: Full Squad, Strength, Weakness, Schedule and more
6. Delhi Capitals – INR 630 crores
The Delhi Capitals was known as Delhi Daredevils until the 2018 season and thereafter came to be known as its current name. According to the Economic Times, the franchise was bought for an amount of 630 crores by infrastructure giant, GMR Group.
Read more: IPL 2024 – Delhi Capitals Preview: Full Squad, Strength, Weakness, Schedule and more
7. Punjab Kings – INR 576 crores
Punjab Kings formerly known as Kings XI Punjab was bought for 576 crores, according to Republic World. Bollywood actress, Preity Zinta, and a group of businessmen Ness Wadia, Karan Paul, and Mohit Burman took a stake in the team.
Read more: IPL 2024 – Punjab Kings Preview: Full Squad, Strength, Weakness, Schedule and more
8. Kolkata Knight Riders – INR 569 crores
Red Chillies Entertainment and Mehta Group had paid 569 crores to buy the Kolkata Knight Riders franchise. Red Chillies Entertainment is owned by Shah Rukh Khan, while the Mehta Group is owned by the husband of Juhi Chawla, Jay Mehta.
Read more: IPL 2024 – Kolkata Knight Riders Preview: Full Squad, Strength, Weakness, Schedule and more
9. Rajasthan Royals – INR 508 crores
As per reports, the Rajasthan Royals franchise was bought for an amount of 508 crores in a joint partnership between Tresco International Ltd, Emerging Media Pvt. Ltd, and Blue Water Estate Ltd.
Read more: IPL 2024 – Rajasthan Royals Preview: Full Squad, Strength, Weakness, Schedule and more
10. Sunrisers Hyderabad – INR 425 crores
After the Deccan Chargers were out of the league, the Hyderabad-based franchise was bought by SUN Group in 2012. As per reports by the Times of India (TOI), the group spent a total of 425 crores and named the franchise Sunrisers Hyderabad.
Read more: IPL 2024 – Sunrisers Hyderabad Preview: Full Squad, Strength, Weakness, Schedule and more
FAQ
Which is the Most Expensive IPL Team Franchise?
Lucknow Super Giants – INR 7090 crores
Read more: The Lucrative Empire: How Much Money Does BCCI Earn from the IPL?
