Owner Of Lucknow Ipl Team – Meet multi-billionaire businessman Sanjiv Goenka, owner of IPL’s new Lucknow team Sanjiv Goenka and his RPSG Group were also the owners of Rising Pune Supergiant, which played in the IPL for two seasons in 2016 and 2017.

RPSG Group Chairman Sanjiv Goenka is not new to the Indian Premier League or the Indian sports circuit. Sanjiv Goenka, the youngest son of the late industrialist Rama Prasad Goenka, and his RPSG group were the owners of Rising Pune Supergiant, which played in the 2016 and 2017 IPL seasons.

Owner Of Lucknow Ipl Team

Owner Of Lucknow Ipl Team

After the IPL’s original members Chennai Super Kings and Rajasthan Royals returned to the tournament after a two-year ban, the replacement team with Gujarat Lions folded.

Lucknow Super Giants

Now after a gap of 4 years, RP-Sanjiv Goenka Group is back and bagged the new franchise in Lucknow after a record winning bid of Rs 7,090 crore.

RPSG Group based in Kolkata is a multi-crore business conglomerate established in 2011. The group has interests across sectors ranging from power and energy, manufacturing and retail to ITES, FMCG and infrastructure. Some of the well-known brands in the group include supermarket chain Spencer’s Retail, music company SaReGaMa India Limited and electricity company Calcutta Electric Supply Corporation (CESC).

Not just IPL teams, Sanjiv Goenka is an ardent follower of the sport and is the leading Indian Super League football club ATK-Mohun Bagan, formerly known as ATK-Kolkata. Sanjiv Goenka’s RPSG Group has also invested in other sports such as RPSG Mavericks Kolkata, the city’s table tennis team, which competes in India’s top TT competition, the Ultimate Table Tennis League.

When Sanjiv Goenka had to disband his first IPL team at Rising Pune Supergiant, he reportedly expressed his intention to form a team again when the opportunity arose in the future. It happened in 2021 with the winning bid and the Lucknow franchise. After confirming Goenka’s second IPL tour, he told a sports news website: “It’s a first step and now we have to build a good team and play.”

Ipl Lucknow Team Owner

Goenka’s Rising Pune Supergiant team had ended their brief stint in the IPL with a crushing defeat to eventual champions Mumbai Indians in the 2017 final. His new IPL team will not make its IPL debut in the 2022 season, with the other winning bid from CVC Capital Partners – Irelia Company Pte Ltd – winning the Ahmedabad franchise.

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Owner Of Lucknow Ipl Team

Exclusive DNA | Jungle raj, legacy of corruption, 1 million jobs: Why say ‘Nitish to PM in 2024’ IPL 2022: Lucknow Super Giants owner Sanjiv Goenka’s other sports ventures IPL auction 2022: Kolkata-based RP-Sanjiv Goenka-owned Rising conglomerate, Punegi Super Giants. The team played in 2016 and 2017 IPL.

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Sanjiv Goenka, chairman of RP-Sanjiv Goenka Group, has returned to the Indian Premier League by winning the Lucknow franchise.

His team, Lucknow Super Giants and the Ahmedabad franchise, Gujarat Titans, will be the two new teams in the IPL season, which is set to begin in April.

Kolkata-based conglomerate RP-Sanjiv Goenka Group previously owned Rising Pune Supergiants. The team played in 2016 and 2017 IPL.

In its first year, Rising Pune Supergiants finished seventh in IPL 2016.

Lucknow Super Giants Owner: Who Is The Owner Of Lucknow Ipl Team?

Although Govenka said he did not consult the statistician often, the team’s name was changed from “Raising Pune Supergiants” to “Raising Pune Supergiant”.

In 2017, Rising Pune Supergiant made it to the IPL final but lost to Mumbai Indians by one run. It was the team’s last IPL match.

Goenka has also invested in other sporting activities. His group owns a majority stake in the famous football club ATK Mohun Bagan. Located in Kolkata, the club is part of the ISL Football League.

Owner Of Lucknow Ipl Team

RP-Sanjiv Goenka Group owns RPSG Mavericks Kolkata, one of six city-based teams in India’s top table tennis league. It was launched in 2017.

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“The Mavericks’ mission is to be a vehicle for international ambition while ultimately driving the grassroots development of the sport,” the group said.

Check your money calendar for 2023-24 here and keep up to date with your investments, taxes, bills and all money. Group (RPSG), the Ahmedabad-based group will be owned by CVC Capital.

Business tycoon Sanjiv Goenka and international equity investment firm Irelia Company Pte Limited (CVC Capital) have jointly spent Rs 12,715 crore ($1.7 billion) to win bids for two new IPL teams. Here’s to Monday. The BCCI had expected a cumulative bid in the range of Rs 10,000 crore, but to their surprise, Goenka’s RP-SG group fetched Rs 7090 crore for the Lucknow franchise, while CVC Capital allocated Rs 5625 crore for the Ahmedabad team.

The two new teams will participate in the 2022 IPL. PTI had reported on Sunday that Goenka was one of the favorites to win the team after playing two years in the IPL in 2016 and 2017 when he owned Rising Pune Supergiants. “BCCI is pleased to announce the following successful bidders (subject to completion of certain documents and other formalities): 1. RPSG Ventures Ltd. – Lucknow (for INR 7090) 2. Irelia Company Pte Ltd. (CVC Capital Partners) – Ahmedabad ( for INR 5625 crore), the board said in a press release.

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The board added that the IPL 2022 season will consist of 10 teams and will consist of 74 matches where each team will play 7 home and away matches. Goenka was happy to be back in the IPL, this time not as a full-time owner but as an interim owner as he ran the Pune franchise during CSK and Rajasthan Royals’ embezzlement-related suspensions. “First of all it feels good to be back in the IPL, but this is just the first step. Now we really want to build a good team and try to perform well. So the work really starts now. Actually getting the coach, putting together a team. To do,” Goenka said after his company won the bid.

“IPL has created some of the biggest brands. Look at Mumbai Indians, Delhi Capitals, Chennai Super Kings and some others, they are really household names, some of the biggest brands the country has,” he added. Asked if Rs 7,000 crore was financially viable, Goenka argued, “We think this valuation will go up in the future. And from what we invest, it will multiply to what it could be in 10 years. Several times .” He was also happy to have Lucknow as home base as RPSG Group has business interests in Uttar Pradesh. “We are a franchisee in the Greater Noida area. We have a number of Spencer stores in the state. So we believe it will help us connect with the state and we are looking forward to this.”

🚨 NEWS 🚨: BCCI announces successful bidders for two new Indian Premier League franchises MORE 🔽https://t.co/FSU4LsAxzj — BCCI (@BCCI) October 25, 2021

Owner Of Lucknow Ipl Team

BCCI president Sourav Ganguly was happy that the IPL has spread far and wide. “The IPL now moves to two new cities in India, Lucknow and Ahmedabad. Having two new teams at such a high valuation is exciting and reiterates the cricketing and financial strength of our cricketing ecosystem,” Ganguly said in a press release . “The ITT (invitation to tender) process included two interested bidders from outside India, which strongly underlines the global appeal of the IPL as a sports property,” he added.

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BCCI Secretary Jay Shah also welcomed the two new companies. “It is an important day for all of us and I officially welcome RPSG Ventures Ltd and Irelia Company Pte Ltd to the IPL team. We have promised that IPL will be bigger and better from season 15 and with Lucknow and Ahmedabad we will take the league to different parts of India. will be carried out,” Shah said. It was a nearly seven-hour long process that led to the BCCI announcing the winners after intensive scrutiny, followed by technical examination and opening of financial bid documents.

RP-SG, Adani Group, HT Media Private Limited, Torrent Pharma, Aurobindo Pharma, All Cargo, CVC, Kotak Group and Glazers were among the companies that cleared the final round of technical screening to qualify for this bid. Manchester United through their holding company. Riti Sports, popularly known as former Indian captain Mahendra Singh Dhoni’s management company, also bid but it was rejected.