IPL 2022- Know who are those people who spend big money on what they do….

Cricket is the most watched sport in India, and companies are making money from sports as well. Companies earn from media rights, local sponsorship, ticket sales, allied revenue, data revenue and new platforms. This is the reason that some big companies and film personalities of the country remain the owners of the IPL team.

This time 204 players were bought in IPL 2022 Auction.

Image Credit source: BCCI/IPL

Indian Premier League i.e IPL The players’ auction has been completed for. These players have been bought by clubs like Mumbai Indians, Chennai Super Kings, Hyderabad Sunrisers. Do you know from where the money comes to these clubs to buy players. industrial houses ,Corporate Companies), big investors and big movie stars have invested their money in these clubs. They are also the owners of these clubs. This time LIC And IPL is very much discussed… Do you know anything about the connection between LIC and IPL. You will be surprised to know that LIC has a closer relationship with IPL than with the audience.

LIC has invested money in Chennai Super Kings, the four-time winning team of IPL. Life Insurance Corporation of India holds about 7 per cent stake in Chennai Super Kings. India Cements has the largest stake in the team. Its share is 30 percent. The non-promoters group holds 54 per cent.

  1. Reliance Industries is the owner of Mumbai Indians
  2. Sun TV Network holds 100% stake in Sunrise Hyderabad.
  3. Royal Challengers Bangalore is owned by United Spirits
  4. There are total ten teams in the Indian Premier League.

Owner of Chennai Super Kings

  1. India Cements 30.1% Sharda Logistics 6.9% LIC 6.0% Radhakrishna Damani 2.4% Non-Promoter Group 54.6%

Apart from LIC, big business houses like Reliance Industries, Sun TV Network, Dabur, Wadia Group, Apeejay Group, GMR Group, JSW Group have also bought IPL teams. Punjab Kings has four owners. Dabur Group has invested maximum money in this. Wadia Group and Apeejay Group have also invested in this team.

owner of punjab kings

  1. Dabur 46% Wadia Group 23% Preity Zinta 23% Apeejay Group 8%

The two owners of Delhi Capitals are GMR Group and JSW Group. They have equal share in the team.

Owner of Delhi Capitals

  1. GMR Group 50% JSW Group 50%

The country’s largest and most valuable company Reliance Industries and Bollywood actor Shahrukh Khan have also bought IPL teams. The team of Reliance Industries is Mumbai Indians, in which it has 100 percent stake. Sunrise Hyderabad is wholly owned by Sun TV Network.

Owner of Kolkata Knight Riders

  1. Red Chillies Entertainment 55% Mehta Group 45%

Cricket is the most watched sport in India, and companies are making money from sports as well. Companies earn from media rights, local sponsorship, ticket sales, allied revenue, data revenue and new platforms. This is the reason that some big companies and film personalities of the country remain the owners of the IPL team.

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