Complete guide to IPL franchise ownership — who owns Mumbai Indians, CSK, RCB and all 10 teams, their backgrounds and net worth.
This is one of the most important topics for cricket fans in 2026. Whether you are new to the game or have followed cricket for years, this guide gives you everything you need to know about ipl team owners.
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The IPL franchise model has created extraordinary wealth for its owners. When the original eight franchises were sold in 2008, the total cost across all eight was approximately $700 million. By 2024, the combined estimated value of IPL franchises exceeded $15 billion — making the IPL the third most valuable sports league in the world by team values, behind only the NFL and the Premier League.
Mumbai Indians are owned by Reliance Industries through its subsidiary IndiaWin Sports, with Mukesh Ambani — India's richest person — as the effective owner. The Ambani family's involvement in MI goes beyond ownership; Nita Ambani is the team's public face and arguably cricket's most prominent female franchise owner globally. MI paid approximately $111.9 million for their franchise in 2008 — by 2024, MI were valued at over $1.5 billion, making them the most valuable IPL franchise.
CSK were originally owned by India Cements under the chairmanship of N. Srinivasan, who was also BCCI President — a relationship that created significant controversy and eventually led to CSK's two-year suspension in 2016-17 due to a spot-fixing scandal. The franchise has since been restructured as CSK Cricket Ltd, with MS Dhoni holding a significant stake through his company Rhiti Sports. CSK went public on the unlisted shares market, becoming one of very few sports franchises in the world to have traded equity publicly.
RCB are owned by United Spirits Ltd, a subsidiary of Diageo — one of the world's largest alcohol producers. This makes RCB one of the few major sports franchises globally to be majority-owned by a foreign multinational company. Virat Kohli has no ownership stake in RCB despite being the franchise's defining player — he is contracted as a player only.
KKR are co-owned by Shah Rukh Khan, Bollywood's biggest star, alongside Juhi Chawla and her husband Jay Mehta. SRK paid $75.09 million for the franchise in 2008. His celebrity ownership transformed how Bollywood and cricket intersected — KKR became the most famous franchise globally because of SRK's international profile. KKR's estimated value in 2024 exceeds $1 billion.
SRH are owned by the Sun TV Network, South India's dominant media conglomerate, through Kalanithi Maran. Sun TV replaced the original Deccan Chargers franchise in 2013 after the Chargers were terminated due to financial issues. The Sun Group's media connections have made SRH particularly prominent in South Indian cricket coverage.
Delhi Capitals are co-owned by the GMR Group (infrastructure conglomerate that operates Delhi's IGI Airport) and the JSW Group (owned by Sajjan Jindal, the steel magnate). JSW also has interests in multiple other sports including football. The dual-ownership structure has occasionally created governance challenges.
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