IPL 2026 owners list changed on a single day in March 2026. Two franchises were sold. Two new ownership groups walked in.
Royal Challengers Bengaluru went for $1.78 billion. Rajasthan Royals followed at $1.63 billion. Both deals landed on the same day, making it the most expensive 24 hours in IPL ownership history. The rest of the league stayed put. Eight franchises, same owners, some of them holding on since 2008.
Here is every IPL team, who runs it, and what it is worth right now.
IPL Owners List — Full List And Franchise Value
Every franchise has a different owner, a different story, and a very different price tag.
| Rank | Team | Owner(s) | Owning Since | Franchise Value (USD) | Franchise Value (INR) |
|---|---|---|---|---|---|
| 1 | Royal Challengers Bengaluru | Aditya Birla Group, Times of India Group, Bolt Ventures, Blackstone | 2026 | $269 million | ₹2,327 crore |
| 2 | Mumbai Indians | Mukesh Ambani and Nita Ambani (Reliance Industries) | 2008 | $242 million | ₹2,094 crore |
| 3 | Chennai Super Kings | N. Srinivasan (India Cements) | 2008 | $235 million | ₹2,033 crore |
| 4 | Kolkata Knight Riders | Shah Rukh Khan, Juhi Chawla, Jay Mehta | 2008 | $222 million | ₹1,918 crore |
| 5 | Sunrisers Hyderabad | Kalanithi Maran and Kavya Maran (Sun TV Network) | 2012 | $154 million | ₹1,331 crore |
| 6 | Delhi Capitals | JSW Group and GMR Group | 2008 | $152 million | ₹1,314 crore |
| 7 | Rajasthan Royals | Kal Somani-led Consortium | 2026 | $146 million | ₹1,262 crore |
| 8 | Gujarat Titans | CVC Capital Partners and Torrent Group | 2022 | $142 million | ₹1,227 crore |
| 9 | Punjab Kings | Mohit Burman, Ness Wadia, Preity Zinta, Karan Paul | 2008 | $141 million | ₹1,219 crore |
| 10 | Lucknow Super Giants | Sanjiv Goenka (RPSG Group) | 2022 | $122 million | ₹1,054 crore |
1. Mumbai Indians — Mukesh Ambani and Nita Ambani
Five titles. Same owners since 2008. That is essentially the Mumbai Indians’ story. Reliance Industries holds the franchise through Indiawin Sports Pvt. Ltd, with Mukesh Ambani and Nita Ambani at the top.
No ownership drama, no major structural changes, just a consistent operation that has produced more IPL titles than anyone else. The wins came in 2013, 2015, 2017, 2019, and 2020. What stands out about how MI is run is the reluctance to panic. Squads are built over multiple seasons, not rebuilt after one bad year.
That patience, backed by Reliance’s financial strength, is why Mumbai Indians sit second in franchise value at $242 million (₹2,094 crore) despite not winning since 2020.
2. Royal Challengers Bengaluru — Aditya Birla Group Consortium
No IPL team has had a wilder valuation climb than RCB.
Valued at $269 million (₹2,327 crore), they now sit above Mumbai Indians and Chennai Super Kings, two franchises with far more trophies between them.
A lot of that jump comes down to one season: 2025, when RCB finally won their first IPL title after years of near misses. Add back-to-back WPL titles in 2024 and 2026, and RCB became the first franchise to hold both the IPL and WPL simultaneously.
That commercial momentum is what attracted a $1.78 billion acquisition in March 2026. Aditya Birla Group leads the new four-member consortium, with Aryaman Vikram Birla stepping in as Chairman.
Satyan Gajwani of The Times of India Group assumes the role of Vice Chairman. For a franchise that spent years being the most talked-about team without a title, 2026 looks very different.
3. Chennai Super Kings — N. Srinivasan
N. Srinivasan has run CSK since 2008 through India Cements and Chennai Super Kings Cricket Limited. The approach has never really changed. Experienced players, a settled batting order, and very few panic buys at auction.
Five titles across 2010, 2011, 2018, 2021, and 2023 back that model up completely. The more revealing part of CSK’s ownership story is what happened after the 2016 ban. The franchise was suspended for two seasons. They came back in 2018 and won the title. That kind of bounce-back does not happen without a strong ownership structure keeping things together during the difficult period.
Valued at $235 million (₹2,033 crore), CSK ranks third in the IPL franchise table, a position that reflects both the brand strength and Srinivasan’s nearly two-decade grip on how the team is run.
4. Kolkata Knight Riders — Shah Rukh Khan, Juhi Chawla, Jay Mehta
KKR has been owned by the same group since 2008. Shah Rukh Khan, through Red Chillies Entertainment, Juhi Chawla, and Jay Mehta, via the Mehta Group, collectively hold the franchise under Knight Riders Sports Pvt. Ltd.
Three titles in 2012, 2014, and 2024 place KKR among the competition’s better-performing franchises. Shah Rukh’s presence changes how the franchise operates commercially. His visibility at auctions and matches pushes KKR into conversations far beyond cricket.
The ownership group has also taken the Knight Riders brand into other T20 leagues globally, something very few IPL ownership groups have managed at the same scale.
At ₹1,918 crore, KKR ranks fourth, and the 2024 title win gives the current ownership fresh credibility after a decade-long gap between trophies.
5. Sunrisers Hyderabad — Kalanithi Maran and Kavya Maran
SRH entered the IPL in 2012, not as a new franchise but as a replacement.
The Sun Group, led by Kalanithi Maran, acquired the Hyderabad slot after the Deccan Chargers were terminated by the BCCI.
It took the new franchise four years to win the title, which they did in 2016. Since then, Kavya Maran has become the most visible member of the ownership group, directly handling auctions and team operations. That level of day-to-day involvement from an owner is uncommon in the IPL.
Sun TV Network’s media infrastructure gives SRH built-in promotional and broadcasting reach that other franchise owners typically have to pay for separately. At $154 million (₹1,331 crore), they rank fifth in franchise value.
6. Delhi Capitals — JSW Group and GMR Group
Delhi has been part of the IPL since 2008, but went through multiple identity changes before JSW Group joined the ownership structure.
Parth Jindal’s JSW Group and the GMR Group now jointly hold the franchise through JSW GMR Cricket Pvt. Ltd. It was around the time JSW entered that the team’s on-field results began to improve noticeably.
A first IPL final appearance came in 2020. The title has not arrived yet, but the ownership setup gives DC serious financial depth. Two large Indian conglomerates sharing ownership means that decisions on squad investment are rarely blocked by budget constraints.
At $152 million (₹1,314 crore), Delhi ranks sixth, sitting just below SRH.
7. Rajasthan Royals — Kal Somani-led Consortium
Rajasthan Royals were one of the original eight franchises and the first-ever IPL champions in 2008.
Manoj Badale and partners held the franchise from that year through to March 2026, when the sale to Kal Somani’s US-based consortium was confirmed at $1.63 billion (approximately ₹15,000 crore). Rob Walton of the Walmart founding family is among the new investors.
Under Badale, RR built a reputation for unearthing young domestic talent before anyone else took notice. It was a deliberate strategy, often compared to Moneyball, and it gave the franchise an identity that punched above its budget. At $146 million (₹1,262 crore), they rank seventh in franchise value.
Whether the new American ownership keeps that talent-first philosophy or shifts direction is the key question heading into the next cycle.
8. Gujarat Titans — CVC Capital Partners and Torrent Group
GT are the newest winners in the IPL. CVC Capital Partners and Torrent Group jointly own the franchise through Irelia Sports India Pvt. Ltd, and they entered the competition in 2022 as one of two expansion teams. Winning the title in their debut season under Hardik Pandya was an outcome very few predicted. For CVC, a global private equity firm, GT represents a significant sports investment play.
Torrent Group brings Indian corporate weight to balance the international capital side. That combination of institutional investment expertise and domestic market knowledge gave the franchise a sharp foundation from the start.
At $142 million (₹1,227 crore), GT ranks eighth despite only being in the league since 2022, which tells you something about how quickly they built commercial value.
9. Punjab Kings — Mohit Burman, Ness Wadia, Preity Zinta, Karan Paul
Punjab has four owners and zero titles. That one line covers most of the franchise’s history. Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul have jointly held the team since 2008 through K.P.H.
Dream Cricket Pvt. Ltd. Of the four, Preity Zinta is the face most people associate with the franchise, regularly at the ground during matches and at the auction table. Two final appearances, in 2014 and 2025, without a win, make Punjab one of the more frustrating stories in the league for its fanbase.
At $141 million (₹1,219 crore), they rank ninth in franchise value. The ownership structure has stayed stable for 18 seasons, even if the results on the field have not matched that consistency.
10. Lucknow Super Giants — Sanjiv Goenka, RPSG Group
LSG is the youngest franchise in the IPL. Sanjiv Goenka’s RPSG Group launched them in 2022 through RPSG Sports Pvt. Ltd. Goenka previously owned the Rising Pune Supergiant, so he came into LSG with a clearer idea of how IPL franchise management works than most first-time owners.
A playoff finish in their debut season was a reasonable start.
At $122 million (₹1,054 crore), LSG ranks tenth on the valuation table, as expected for the newest entry in the competition. The RPSG Group’s size gives the franchise financial stability that a younger or smaller corporate backer might not be able to provide.
RCB Acquired by Aditya Birla Group Consortium for $1.78 Billion
Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone signed a definitive agreement to buy 100% of RCB from United Spirits Limited in March 2026.
The deal, valued at roughly $1.78 billion (INR 166.6 billion), covers both the IPL and WPL franchises.
Aryaman Vikram Birla takes over as Chairman, and Satyan Gajwani of Times of India Group as Vice Chairman. It marks Blackstone’s first investment in a sports team globally. BCCI and regulatory approvals are still pending.
Rajasthan Royals Sold to US Consortium for $1.63 Billion
RR was acquired by a US-based group led by Kal Somani for $1.63 billion (approximately ₹15,000 crore) in March 2026.
Rob Walton of the Walmart founding family is among the investors. The deal ended Manoj Badale’s ownership, which had run since 2008.
Announced on the same day as the RCB transaction, the two deals together brought over $3.4 billion into the IPL ownership market in 24 hours.
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Conclusion: RCB and RR Step Into a New Era
Two deals. One day. Over $3.4 billion combined. March 2026 rewrote the IPL ownership map in a way no single season had before.
RCB moves forward with a consortium led by one of India’s largest conglomerates and backed by global capital. RR enters a new chapter under American investors with serious sports franchise experience behind them. The other eight franchises stay unchanged.
Some of those owners have been there since 2008, nearly two decades of backing the same teams through titles, suspensions, rebuilds, and everything in between.
FAQs
A consortium of Aditya Birla Group, The Times of India Group, Bolt Ventures, and Blackstone acquired Royal Challengers Bengaluru in March 2026 for $1.78 billion. Aryaman Vikram Birla serves as Chairman, and Satyan Gajwani as Vice Chairman.
A US-based consortium led by Kal Somani acquired Rajasthan Royals for $1.63 billion (approximately ₹15,000 crore) in March 2026. Rob Walton of the Walmart founding family is among the investors.
Royal Challengers Bengaluru top the franchise valuation table at $269 million (₹2,327 crore), ahead of Mumbai Indians at $242 million and Chennai Super Kings at $235 million.
Mumbai Indians are owned by Mukesh Ambani and Nita Ambani through Reliance Industries, via its subsidiary Indiawin Sports Pvt. Ltd, since 2008.
Shah Rukh Khan co-owns Kolkata Knight Riders through Red Chillies Entertainment, alongside Juhi Chawla and Jay Mehta of the Mehta Group. The group has held the franchise since 2008.
