IPL Cricket Teams

All of you know that, this is a season for Indian Premier League (IPL) Cricket. From 10th April 2009, IPL will start.

And IPL Teams also known as IPL Franchisees are the new Asset Class. The Exotic Assets…

Right now there total 8 IPL Franchisees (Teams). And by 2010, 2 more Franchisees will be added.

This Article is all about India’s which Rich, Ultra-Rich people have invested how much of money in each IPL Cricket Team.

IPL Cricket Team/Franchisee No. – 1) Mumbai Indians -

Mukesh Ambani, The chairman & Managing Director of Reliance Industries owns the Mumbai Indians Team. Mukesh Ambani is world’s 7th Richest person (Forbes 2009) and India’s No.1 Rochest person having Net Worth of US $ 19.5 Billion.

Mukesh Ambani has invested US $ 111.9 Millions in acquiring Mumbai Indians.

The above photograph is of Neeta Ambani, wife of Mukesh Ambani. The photograph was taken on the Cricket Stadium

The above photograph is of Neeta Ambani with Kareena Kapoor, Bollywood Actress. See both of them have wear the Mumbai Indians Team Symbol

In the above photograph, Isha Ambani is with her dad Mukesh Ambani on the Cricket Stadium.

IPL Cricket Team No. – 2) Royal Challengers Bangalore -

Vijay Mallya of UB Group, The famous Liquor Tycoon has Invested US $ 111.6 Millions in buying a Bangalore IPL Cricket team known as Royal Challengers.

In the above Photograph, Vijay Mallya is with his Royal Challengers team players. In the centre there is Vijay Mallya and on either side various Cricket Players. The photo was taken on the stage and in front of hundreds of photographers and reporters.

In the above photograph, Vijay Mallya is with Rahul Dravid, A Player of Royal Challengers Team.

In the above photograph, Katrina Kaif, Bollywood Actress has wear the Royal Challengers Top.

IPL Cricket Team No. – 3) Hyderabad Deccan Chargers -

Deccan Chargers Sporting Venture owns this team. It has acquired Hyderabad IPL Cricket team for a whooping US $ 107 Millions.

IPL Cricket Team No. – 4) Chennai Super Kings

This team was acquired by India Cements (N Srinivasan) for US $ 91 Millions.

In the above photograph, Mahendra Singh Dhoni is there. The Captain if the Indian Cricket team & the Icon Player of the IPL. Dhoni plays for Chennai Siper Kings.

IPL Cricket Team No. – 5) Delhi Daredevils -

This team was acquired by GMR Holdings (Grandhi Mallikarjuna Rao) for US $ 84 Millions.

In the above Photograph, Akshay Kumar the famous Bollywood actor has wear the team T-shirt.

IPL Cricket Team No. – 6) Kings XI Punjab -

This team was acquired by Ness Wadia (Bombay Dyeing), Preity Zinta, Mohit Burman (Dabur) nd Karan Paul (Apeejay Surendera Group) for US $ 76 Millions.

 

Ness wadia is a son of Nusli Wadia, the owner of Bombay Dying. He is one of the team owner with Preity zinta, the famous bollywood actress.

Priety Zinta, the famous bollywood actress has also invested her money in this Cricket team.

Preity Zinta is one of the owner of this cricket team and see in the above photo that how she kisses the cricket player. This is the advantage of being a Rich woman.

IPL Cricket Team No. – 7) Kolkata Knight Riders -

This team is owned by Red Chillies Entertainment (Shah Rukh Khan, Gauri Khan, Juhi Chawla and J Mehta). The Total Investment in this team is US $ 75.1 Millions.

Both Shah Rukh Khan & Juhi Chawla are famous Bollywood stars.

The above photograph is of Shah Rukh Khan & Juhi Chawla (In Square) cheering up in a cricket match.

IPL Cricket Team No. – 8) Rajasthan Royals -

This Cricket team is owned by Emerging Media (Lachlan Murdoch, A.R Jha and Suresh Chellaram),Shilpa Shetty, Raj Kundra. The Total Investment in acquiring this team was US $ 67 Millions.

Shilpa Shetty is a famous bollywood actress who had won the reality show the Big Brother in 2007 in UK.

Shilpa Shetty has acquired the 12% stake in the Rajasthan Royal Team.

Rajasthan Royals got greedy for a while and dumped their sponsors Bajaj Allianz. Rajasthan Royals wanted to raise capital through the IPO route but decided against it. Not because of the credit crunch but because it would be ridiculous for a cricket team which only plays once in a year to give any strategic returns to the investors. It decided to sell stake to Shilpa instead.

Summary –>

Shilpa Shetty would be the third Bollywood celebrity after Shah Rukh and Preity Zinta to own a cricket team. Shah Rukh owns Kolkata Knight Riders, which did not do very well in the previous edition but rumored to be profitable from its merchandise sale. Preity Zinta along with Ness Wadia owns Kings XI Punjab, which did pretty well but ended up on the losing side. The celebrity list is not complete without the mention of Vijay Mallya who owns Bangalore Royal Challengers team which sucked through out the tournament.

Rajasthan Royals or Jaipur franchise costed the owners $67 million. Now, with the 12% stake sale the team is valued at $140 million. Some of the venture capitalists will be closely following this space. I wonder what would be done with all that money. Buy new bats and pads? I hope they they don’t spend all that money on yoga classes