The owners have a critical role in choosing the players to represent their teams, managing the team operations, and providing a suitable environment as the tournament progresses. While getting known to the cricket fans and general public, the owners expand their company’s brand name through IPL news as well. Their source of income in the tournament comes from Ticket Sales, Team sponsors, and Media Rights.
Here are the Top 5 Richest Team Owners in the IPL:
- CVC Capital Partners- Owner of Gujarat Titans
The equity investment and advisory company, CVC Capitals flashed on the Cricket news headlines after becoming the owner of Gujarat Titans. According to Investopedia, they possess a net worth of $122 Billion and are the richest owners in the Indian Premier League 2022. The CVC Capital Partners have a minority stake in the Spanish Football league La Liga, own three rugby teams, and launched Volleyball World in 2021. The company previously held a 14.1% stake in Formula One as well from 2006 to 2017 and sold the stake for a huge profit.
- Mukesh Ambani- Owner of Mumbai Indians
The 5-time IPL Champion Mumbai Indians owner, Mukesh Ambani is the 9th richest person in the world. According to Forbes, Ambani has a net worth of $100 Billion in March 2022. He is the managing director and chairman of Reliance Industries, which are the giants in the space of energy, petrochemicals, natural gas, retail, and telecommunications. Over the years, he has been an avid supporter of the team and is present in the stadium when the team contests the playoffs.
- Sanjiv Goenka- Owner of Lucknow Super Giants
According to Forbes, the co-owner of Lucknow Super Giants Sanjiv Goenka has a net worth of $2.5 Billion. Goenka is the founder and chairman of RPSG Group, with businesses in the area of power and energy, carbon black manufacturing, and retail. He has previously owned Rising Pune Supergiant in IPL, which featured in 2016 and 2017. With a good cricketing brain, he was one of the think-tanks of Lucknow Super Giants in the IPL 2022 Auction.
Kalanithi Maran- Owner of Sunrisers Hyderabad
The owner of Sunrisers Hyderabad, Kalanithi Maran has a net worth of $2.4 Billion, according to Forbes. Maran is the founder of Sun Group, which operates 33 TV Channels spanning multiple languages, 67 FM Radio Stations, and 3 Newspapers. In the last few years, he has stepped into producing Tamil films that have gone to become blockbusters at the box office as well. While he has not been quite often seen in the stadium cheering for Sunrisers Hyderabad.
- Chennai Super Kings Ltd- Owner of Chennai Super Kings
The most successful team in the Indian Premier League history is owned by Chennai Super Kings Ltd, which is the subsidiary company of cement manufacturer India Cements. In 2018, after the managing director of India Cements, N Srinivasan was banned from IPL, the ownership was transferred to Chennai Super Kings Ltd. In 2022, CSK became the first sports team from India to cross the market cap of INR 7600 Crores ($1 Billion) and became a unicorn. While the parent company, India Cements has a market cap of INR 6,349 Crores.