The Indian Premier League (IPL) is not just a cricket tournament anymore—it’s one of the biggest sports business brands in the world. Behind every IPL franchise stands a powerful business house, billionaire entrepreneur, or famous celebrity. From Shah Rukh Khan and Juhi Chawla to Mukesh Ambani and Preity Zinta, IPL team ownership is a fascinating mix of cricket, entertainment, and business.
Let’s take a look at who owns each IPL team in 2026 and the estimated value of each franchise.
Chennai Super Kings (CSK)
Owner: Chennai Super Kings Cricket Ltd. (India Cements Group)
Chennai Super Kings is one of the most successful franchises in IPL history. The team is owned by Chennai Super Kings Cricket Ltd., a company demerged from India Cements. Former BCCI President N. Srinivasan is the most recognized face behind the franchise.
Estimated Franchise Value: ₹10,730 Crore
Mumbai Indians (MI)
Owner: Indiawin Sports Pvt. Ltd. (Reliance Industries)
Mumbai Indians is owned by Indiawin Sports, a subsidiary of Reliance Industries. The franchise is backed by Asia’s richest family, led by Mukesh Ambani and Nita Ambani.
Estimated Franchise Value: ₹9,930 Crore
Kolkata Knight Riders (KKR)
Owners: Shah Rukh Khan, Juhi Chawla & Jay Mehta
Kolkata Knight Riders is one of the most recognizable IPL brands worldwide. The franchise is jointly owned by Bollywood superstar Shah Rukh Khan through Red Chillies Entertainment and actress Juhi Chawla along with businessman Jay Mehta.
Estimated Franchise Value: ₹10,050 Crore
Royal Challengers Bengaluru (RCB)
Owner: United Spirits Ltd. (Diageo Group)
Though Vijay Mallya founded the franchise in 2008, Royal Challengers Bengaluru is currently owned by United Spirits Limited, which is controlled by global beverage giant Diageo.
Estimated Franchise Value: ₹8,690 Crore
Sunrisers Hyderabad (SRH)
Owner: Sun TV Network
Sunrisers Hyderabad is owned by Sun TV Network, one of India’s largest media companies. The franchise is controlled by media tycoon Kalanithi Maran and his family.
Estimated Franchise Value: ₹8,550 Crore
Rajasthan Royals (RR)
Owners: Emerging Media IPL Ltd., RedBird Capital Partners and Other Investors
The inaugural IPL champions have a diverse ownership structure involving international investors. Rajasthan Royals continues to maintain a strong global presence despite being one of the smaller-market franchises.
Estimated Franchise Value: ₹6,410 Crore
Punjab Kings (PBKS)
Owners: Preity Zinta, Ness Wadia, Mohit Burman & Karan Paul
Punjab Kings has one of the most diverse ownership groups in the IPL. Actress Preity Zinta remains the most publicly visible face of the franchise.
Estimated Franchise Value: ₹5,980 Crore
Delhi Capitals (DC)
Owners: GMR Group & JSW Sports
Delhi Capitals is jointly owned by infrastructure giant GMR Group and JSW Sports. The partnership has helped the franchise become one of the strongest teams in recent IPL seasons.
Estimated Franchise Value: ₹6,160 Crore
Lucknow Super Giants (LSG)
Owner: RP-Sanjiv Goenka Group
Lucknow Super Giants entered the IPL in 2022 as one of the most expensive franchises ever sold. The team is owned by billionaire businessman Sanjiv Goenka’s RP-Sanjiv Goenka Group.
Estimated Franchise Value: ₹7,090 Crore
Gujarat Titans (GT)
Owner: Torrent Group (Majority Stakeholder)
Originally acquired by CVC Capital Partners, Gujarat Titans later saw a majority stake acquired by the Ahmedabad-based Torrent Group, making it one of the newest business houses in IPL ownership.
Estimated Franchise Value: ₹5,630 Crore
The Business Behind IPL
Today, IPL is worth billions of dollars and has become one of the most valuable sporting leagues globally. Major business groups such as Reliance Industries, Diageo, Sun TV Network, GMR, JSW, RP-Sanjiv Goenka Group, and Torrent Group see IPL franchises as powerful brands that generate revenue through sponsorships, broadcasting rights, merchandise sales, and fan engagement.
With IPL’s popularity continuing to grow worldwide, franchise values are expected to increase even further in the coming years.
Disclaimer
Odisha Katha is an independent entertainment and informational platform. Team valuations and ownership details mentioned in this article are based on publicly available reports and may change over time. Odisha Katha is not affiliated with IPL, BCCI, or any franchise mentioned above.
