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:
|Chennai Super Kings
|Rs 689 crores
|GMR Group and JSW Group
|Rs 630 crores
|Rs 5600 crores
|Kolkata Knight Riders
|Red Chillies Entertainment and Mehta Group
|Rs 569 crores
|Lucknow Super Giants
|Sanjiv Goenka Group
|Rs 7090 crores
|Rs 850 crores
|Mohit Burman, Ness Wadia, and Preity Zinta
|Rs 576 crores
|Rs 508 crores
|Royal Challengers Bangalore
|Rs 845 crores
|Sun TV Network
|Rs 425 crores
The top 10 most expensive IPL team franchises
Here is the cost of the 10 IPL 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.
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.
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.
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).
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.
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.
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.
8. Kolkata Knight Riders – INR 569 crores
Red Chillies Entertainment and Mehta Group had paid 569 crores for buying 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.
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.
10. Sunrisers Hyderabad – INR 425 crores
After Deccan Chargers was 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.
Which is the most expensive IPL franchise?
Lucknow Super Giants is the most expensive IPL franchise. RPSG Group won the bid for the Lucknow-based franchise by paying out a whopping 7090 crores in the IPL auction 2021.