Recently BCCI has announced that the RPSG group has won the bid for Lucknow and the CVC capital has won the bid for Ahmedabad franchises. So now, let’s have a look at the cost of all the franchises that have been a part of IPL!
Rajasthan Royals – 67 million USD:
Out of 8 initial franchises, Rajasthan Royals is the one that took part in the inaugural edition of IPL in 2008. They lifted the trophy in 2008 under the leadership of Shane Warne. But due to the match-fixing scandal, they were banned in 2016 and 17 but then they made a comeback in 2018 and are part of the circuit. They had a worth of 67 million USD during the early days. The majority of the stake is owned by the CEO of the team Mike Fordham and Manoj Badale.
Kolkata Knight Riders – 75.1 million USD:
The next on the list is Kolkata Knight Riders who are the two-time Champions. They had a tag of 75.1 million USD in 2008. It is owned by Red chilies entertainment by Shahrukh Khan. And in the recently concluded 2021 season, they managed to finish second in the IPL.
Punjab Kings – 76 million USD:
Punjab was a part of the inaugural IPL season just like Rajasthan and Kolkata and their franchise managed to reach the semifinals of the inaugural edition. Unfortunately, they weren’t able to lift the trophy in the 14-year IPL experience. Currently, it is owned by Mohit Burman, the Wadia group, PZBZ media, and Apeejay Surendra Group. They had a tag of 76 million USD in 2018 and are still going strong when it comes to the management of Franchise.
Sunrisers Hyderabad – 79.5 million USD:
On the other hand, Sunrisers Hyderabad replaced Deccan chargers and was bought at 79.5 million USD. The 2016 edition of the tournament was won by the Hyderabad-based franchise and currently, the team is owned by the Sun TV network. The CEO of the team is Kavya Maran and since 2013 the fans get to see the stability and the management of the team.
Delhi Capitals – 84 million USD:
The Delhi Daredevils, known as Delhi Capitals, is a young side with a lot of talent and was a part of the inaugural edition which managed to reach the semi-finals of the 2008 season as well. But unfortunately, they failed to win in the IPL, just like Punjab. It is owned by JSW group and GMR Group and in the early days, it was bought for 84 million US dollars. The franchise has represented the national capital and it is just a matter of time that the team lifts the trophy for the first time.
Chennai Super Kings – 91 million USD
On the other hand, Chennai Super Kings is the second most successful franchise in the history of the tournament. CSK was bought by Indian cement in 2008 for 91 million USD and currently, it is owned by Chennai Super Kings Cricket Limited.
Deccan Chargers – 107 million USD:
Deccan Chargers made a comeback in 2009 after they were trashed by every team during the inaugural season. Adam Gilchrist was appointed as the captain after the IPL shifted to South Africa, and he led a young side to glory. The team also has Rohit Sharma, the most successful IPL captain. Launched by BCCI as a part of a team franchise in 2008, it was bought by Deccan Chronicle Holdings Limited. But it was terminated because it was unable to follow the IPL terms.
Royal Challengers Bangalore – 111.6 million USD:
Royal Challengers Bangalore was bought by Vijay Mallya’s company for 111.6 million in 2008 and it is currently owned by United spirits. Well, RCB is still looking for their first title in the league.
Mumbai Indians – 111.9 million USD:
Mumbai Indians are one of the most successful franchises in the history of IPL. In 2013 they went on to lift the trophy and since then they have been a champion side. It was bought by Reliance industries in 2008 and the face of the team is Nita Ambani.
Kochi Tuskers Kerala – 333 million USD:
Kochi Tuskers came into the IPL frame in 2011 after being bought for 333 million USD. The owner was an Earth group but the instability and inability to comply with the rules of BCCI resulted in them going inactive within a short period. The team was led by Mahela Jayawardene.
Pune Warriors India – 370 million USD:
Pune Warriors came into the IPL circuit in 2011 as Sahara India bought it in September 2010. They are indeed the power factor team but the instability within the management resulted in the dissolvement of the team within 3 years. The franchise was bought by Subrata Roy.
Ahmedabad (yet to be named) – 710 million USD:
BCCI decided to introduce two new teams after the 2020 edition of IPL. CVC capital partners bought the Ahmedabad-based franchise for 710 million USD and the company will be named soon. Fans can’t wait for the arrival of the new franchise.
Lucknow (yet to be named) – 950 million USD:
The RPSG group bought the franchise for 950 million USD during the biddings. The RPSG group has also owned RPS for two years. For now, Lucknow and Ahmedabad have a great opportunity to form a strong team but the challenge is to retain the core which seems kind of difficult.