IPL 2023: The Indian Premier League (IPL) is one of the biggest and most successful T20 leagues in the world. It has become a major source of entertainment for cricket fans all around the world. The tournament features top names in the cricket world, who come together to play for different franchises for the prestigious IPL trophy.
The IPL, which is also called the cash-rich league fondly, is the most valuable cricket league globally. While players earn substantial wages and sponsorship deals, the league offers businesses a platform to invest in cricket and promote their brands.
Meanwhile, here, in this article, we bring you the 5 richest franchises in the IPL and their valuation. Check out the list:
Top 5 Richest Teams Of IPL 2023 and Their Valuation
MI — $1.3 billion
CSK– $1.15 billion
KKR — $1.1 billion
LSG– $1.075 billion
DC — $1.035 billion
1. Mumbai Indians:
MI is the most successful team in the history of IPL, having won the title of the tournament five times. The franchise is owned by India’s richest man — Mukesh Ambani. The valuation of the team stands at a whopping $1.3 billion, making them the most valueable team in the league.
2. Chennai Super Kings:
CSK is one of the most popular and successful franchises in the Indian Premier League (IPL), having won the tournament 4 times. The Chennai-based franchise is owned by India Cements, a leading cement manufacturing company in India, since its inception in 2008. The franchise has a valuation of $1.15 billion, which makes them one of the richest franchises in the league.
Notably, with a stated value of $1.02 billion (Rs 7,600 crore), CSK became India’s first sports unicorn in February 2022. When a start-up business or endeavor has a value of $1 billion or more, it is called a “unicorn”.
The two-time IPL winners, KKR is owned by Bollywood actor Shah Rukh Khan, actress Juhi Chawla, and her spouse Jay Mehta. KKR’s valuation has been steadily increasing with the increasing popularity of the Indian Premier League. KKR’s valuation is reported to be over $1.1 billion.
4. Lucknow Super Giants:
LSG, who made their debut last year in the 2022 season of the Indian Premier League, have an impressive ranking in the team valuation standings. The franchise is owned by the RP-Sanjiv Goenka Group, which is a prominent business conglomerate in India. Despite its short existence in the league, LSG has a valuation of $1.075 billion.
5. Delhi Capitals:
DC is owned by the GMR Group, which is a global infrastructure company with interests in airports, energy, highways, and urban infrastructure. As of September 2021, the Delhi-based franchise is estimated to be worth $1.035 billion.
