The Board of Control for Cricket in India (BCCI) had announced two new teams of the IPL which will be playing from next season. The bidding of these two new teams was held the other day in Dubai. RP Sanjiv Goenka group bought the Lucknow franchise for Rs. 7090 crores and CVC Capitals bought the ownership of the Ahmedabad franchise for Rs. 5166 crores. Many people are quite unaware of these two firms. Here is brief information about these new owners.
RP Sanjiv Goenka Enterprises:
RPSG is a Kolkata-based company. It had earlier owned the temporary team Rising Pune Super Giants for two years when Chennai Super Kings and Rajasthan Royals were suspended. The RPSG group was established in 2011 and is an active investor in various sports leagues. In 2020, it bought a major stake in Mohun Bagan Football Club and also owns RPSG Mavericks Kolkata, which is a part of the Ultimate Table Tennis league.
Based in Luxembourg, CVC Capitals is a private equity and investment advisory firm, that has a history of investing in major sports leagues across the world. It was established in 1981. As of 2019, it has 24 offices across the world and its assets were valued at USD 75 billion. Earlier this year, CVC Capital invested $3.2 billion in La Liga for a 10.95 percent share in the league for the next 50 years.
Both the owners are elated about their inclusion in the IPL and are waiting to start their journey next year.