IPL Team Owners 2027: Who Owns Which Franchise and What Other Businesses They Run

IPL team owners 2027: ten franchises, ten very different businesses behind them. Reliance owns Mumbai Indians, Sun TV Network owns Sunrisers Hyderabad, and Shah Rukh Khan’s group co-owns Kolkata Knight Riders. Two teams changed hands in 2026: an Aditya Birla Group-led consortium bought Royal Challengers Bengaluru for $1.78 billion, and the Mittal family and Adar Poonawalla bought Rajasthan Royals for $1.65 billion.

The full ownership table is right below. After it, each owner gets a short profile: how they got the team, and which businesses actually pay the bills. If you’re a founder, that second part is the useful one. Indian business groups treat a cricket team as a media asset and a brand-building tool at the same time.

IPL Team Owners 2027: Full List of All 10 Franchises

The table shows ownership as announced or approved by November 2026. The BCCI owns and runs the league itself. The ten teams are privately held.

The 2026 Shake-Up: How RCB and Rajasthan Royals Changed Hands

Royal Challengers Bengaluru (RCB) Owner: Birla-Led Consortium Replaces Diageo

In November 2025, United Spirits, the Indian arm of Diageo, announced a strategic review of its stake in Royal Challengers Sports Pvt Ltd, the company that runs RCB’s IPL and WPL teams. By March 2026 the review ended in a sale: 100% of the company went to a consortium for $1.78 billion (about ₹16,660 crore), all cash.

The buyers are the Aditya Birla Group, led by Kumar Mangalam Birla; the Times of India Group (Bennett, Coleman & Co.); Bolt Ventures, the investment firm of American sports investor David Blitzer; and Blackstone-backed funds. Aryaman Vikram Birla is chairman. Satyan Gajwani of the Times Group is vice chairman. The Competition Commission of India cleared the deal on June 30, 2026, and the group takes over as principal owner from the IPL 2027 season. The team keeps its name.

The numbers are the story. Vijay Mallya’s United Spirits paid $111.6 million for the team when the league launched, and Diageo inherited it after taking control of United Spirits in 2016. The new price is roughly 16 times that figure, on paper. It also arrived right after RCB won back-to-back titles in 2025 and 2026. Were the buyers paying for trophies or for the brand? Probably both.

The Aditya Birla Group itself runs Hindalco (aluminium and copper), UltraTech Cement, Grasim, Aditya Birla Capital and a large fashion and retail business. Its real-estate arm, Birla Estates, sponsored Gujarat Titans in IPL 2026.

Rajasthan Royals (RR) Owner: A Failed US Bid, Then the Mittals

The Rajasthan Royals sale had a false start. In March 2026, a US consortium led by Kal Somani, with Rob Walton and the Hamp family, was reported to have won the team at $1.63 billion. That deal fell through. In May 2026, the Mittal family and Adar Poonawalla signed a definitive agreement at $1.65 billion (about ₹15,660 crore).

After closing, the Mittal family holds about 75%, Poonawalla about 18%, and approved existing investors, including long-time lead owner Manoj Badale, about 7%. The new board is Lakshmi Mittal, Aditya Mittal, Vanisha Mittal-Bhatia, Poonawalla and Badale. The package includes the Royals’ sister teams: Paarl Royals in SA20 and Barbados Royals in the CPL. Closing needed BCCI and CCI approval and was expected in the third quarter of 2026.

Lakshmi Mittal chairs ArcelorMittal, one of the world’s largest steelmakers, and his son Aditya is its CEO. Adar Poonawalla is CEO of the Serum Institute of India, a major vaccine maker, and backs the lender Poonawalla Fincorp. Badale bought the team for $67 million in 2008, so the exit is roughly 25 times that on paper. Poonawalla, by the way, was an early suitor for RCB before landing at Rajasthan.

Team-by-Team: The Other Eight IPL Franchise Owners

Mumbai Indians Owner: Reliance Industries (Mukesh and Nita Ambani)

Reliance Industries owns Mumbai Indians through Indiawin Sports Pvt Ltd, a Reliance subsidiary. Mukesh Ambani chairs the group. His wife Nita Ambani and son Akash Ambani are closely involved in team decisions.

Reliance runs oil-to-chemicals refining, Jio telecom, Reliance Retail and a controlling stake in JioStar, the media company formed from Viacom18 and Star India, which holds the IPL’s broadcast rights. So the same group owns a team and the company that broadcasts the league. Mumbai have five titles: 2013, 2015, 2017, 2019 and 2020.

Chennai Super Kings Owner: N. Srinivasan and Family

Here’s the most common mistake on this list: CSK is no longer owned by India Cements. The franchise sits in a separate company, Chennai Super Kings Cricket Ltd, which has roughly one lakh shareholders. N. Srinivasan chairs it, and his daughter Rupa Gurunath joined its board in February 2025. The Srinivasan family’s controlling stake was reported at 28.14%.

India Cements, Srinivasan’s old cement company, was taken over by UltraTech Cement in 2024. UltraTech lifted its holding to 55.49% in a ₹3,954 crore deal, and Srinivasan resigned from his executive roles at India Cements in December 2024. CSK’s ownership didn’t change. One coincidence worth noting: UltraTech belongs to the Aditya Birla Group, which now leads RCB’s owners. CSK has five titles (2010, 2011, 2018, 2021, 2023) and global sister teams in Texas (MLC) and Joburg (SA20).

Kolkata Knight Riders Owner: Shah Rukh Khan, Juhi Chawla and Jay Mehta

Shah Rukh Khan’s Red Chillies Entertainment bought KKR at the 2008 launch with actor Juhi Chawla and her husband, businessman Jay Mehta. Red Chillies produces films and runs a VFX studio.

The group has since built a cricket business outside India: Trinbago Knight Riders in the CPL, LA Knight Riders in MLC and Abu Dhabi Knight Riders in the ILT20. KKR have won the IPL three times: 2012, 2014 and 2024.

Sunrisers Hyderabad Owner: Sun TV Network (Kalanithi Maran)

Sun TV Network, controlled by Kalanithi Maran, took the Hyderabad franchise in 2012 after the BCCI terminated Deccan Chargers, then named it Sunrisers Hyderabad. His daughter Kavya Maran has been the visible face of the team since 2021.

Sun TV runs television channels across Tamil, Telugu, Kannada and Malayalam, the Sun NXT streaming service, radio stations and a film production arm. The group also owns Sunrisers Eastern Cape in SA20. Hyderabad won the IPL in 2016.

Delhi Capitals Owner: JSW Group and GMR Group

JSW GMR Cricket Pvt Ltd owns Delhi Capitals, with the JSW Group and GMR Group holding half each. GMR bought the team in 2008, and JSW came in for 50% in 2018. The rebrand from Delhi Daredevils followed in 2019. Parth Jindal leads sport at JSW.

JSW Group makes steel, power, cement and paints, and sells cars through JSW MG Motor India. GMR is best known for airports, including Delhi and Hyderabad, plus energy and infrastructure. Delhi have no IPL title yet and reached their first final in 2020. Sister teams: Pretoria Capitals (SA20) and Dubai Capitals (ILT20).

Punjab Kings Owner: Burman, Wadia, Zinta and Paul

Punjab Kings is owned by KPH Dream Cricket Pvt Ltd. Mohit Burman of Dabur holds the largest stake, reported at 46% to 48%. Ness Wadia of the Wadia Group (Bombay Dyeing) and actor Preity Zinta hold 23% each. Karan Paul of the Apeejay Surrendra Group holds the rest, reported at 6% to 8% depending on the source.

This is the one boardroom with visible friction. In 2024, Zinta went to the Chandigarh High Court to stop a reported sale of 11.5% of Burman’s stake to an outside party, arguing existing co-owners get first refusal. Burman said he had no plan to sell. A separate dispute over a 2025 shareholder meeting followed. On the field, Punjab were runners-up in 2014 and 2025 and are still waiting for a first title.

Gujarat Titans Owner: Torrent Group and CVC Capital

Torrent Group bought a 67% stake in Gujarat Titans from CVC Capital Partners in a deal announced in February 2025 and completed that March. The deal valued the franchise at about ₹7,500 crore, putting the 67% at roughly ₹5,025 crore. CVC, which paid about ₹5,625 crore for the team in 2021, keeps 33% through its Irelia vehicle.

Torrent is an Ahmedabad group built on pharmaceuticals (Torrent Pharma), power (Torrent Power) and gas distribution. Gujarat won the IPL in their debut season, 2022, and reached the 2026 final, where RCB beat them.

Lucknow Super Giants Owner: Sanjiv Goenka’s RPSG Group

The RP-Sanjiv Goenka (RPSG) Group paid ₹7,090 crore for the Lucknow franchise in 2021. Sanjiv Goenka’s group runs CESC, the Kolkata power utility, along with Phillips Carbon Black, Spencer’s Retail, the Saregama music label and Firstsource Solutions.

RPSG has run cricket before: it owned Rising Pune Supergiant during the two-year suspension of CSK and RR. Its sports portfolio now includes Durban’s Super Giants in SA20 and the football club Mohun Bagan Super Giant. Lucknow have no IPL title.

How IPL Team Ownership Works

The BCCI owns the IPL. Teams are private franchises that bought their rights, and any change of control needs BCCI approval. Big deals also go through the Competition Commission of India. Reports say the franchise agreement gives the BCCI 5% of the value of every ownership transaction, which would put the cut on the RCB sale at close to $90 million.

There’s one more rule that shaped the 2026 sales: as reported, a single entity can’t hold more than one franchise. That’s why Poonawalla couldn’t chase both RCB and Rajasthan.

What the 2027 Owner List Tells You

Franchise prices have outrun the cricket. RCB sold at $1.78 billion and Rajasthan at $1.65 billion, against $111.6 million and $67 million at launch. Even Gujarat, a team founded in 2021, was valued at ₹7,500 crore four years later. A team stopped being a rounding error on a conglomerate’s balance sheet some time ago.

Media companies keep showing up. Reliance owns Mumbai and the league’s broadcaster, Sun TV owns Hyderabad, and the Times of India Group sits inside RCB’s consortium. For these owners, a team is also a content pipeline.

Industrial money fills the rest: Birla, Mittal, JSW, GMR, Torrent and Goenka. And private equity is the wild card. Blackstone is in at RCB, and CVC bought Gujarat in 2021 and sold two-thirds four years later. Funds hold on a timeline. Watch how long they stay.

IPL Team Owners 2027: Frequently Asked Questions

Who owns the IPL?

The BCCI (Board of Control for Cricket in India) owns and runs the league. The ten teams are privately owned franchises.

Who owns RCB in 2027?

An Aditya Birla Group-led consortium owns Royal Challengers Bengaluru. It includes the Times of India Group, Bolt Ventures and Blackstone-backed funds, and bought the team from Diageo’s United Spirits for $1.78 billion. It takes over as principal owner from IPL 2027. Aryaman Vikram Birla is chairman.

Who owns Rajasthan Royals now?

The Mittal family holds about 75% of Rajasthan Royals and Adar Poonawalla about 18%. Manoj Badale and other approved investors hold roughly 7%. The deal was valued at $1.65 billion and followed a failed US bid earlier in 2026.

Who owns Chennai Super Kings?

Chennai Super Kings Cricket Ltd owns the team. N. Srinivasan and his family control it, alongside about one lakh shareholders. India Cements and UltraTech Cement have no ownership of CSK.

Which IPL team owner is a film star?

Shah Rukh Khan and Juhi Chawla co-own Kolkata Knight Riders. Preity Zinta holds 23% of Punjab Kings.

Which IPL team sold for the most?

Royal Challengers Bengaluru, at $1.78 billion (about ₹16,660 crore), is the highest reported price. Rajasthan Royals followed at $1.65 billion.

Can one company own two IPL teams?

No. As reported, BCCI rules do not let a single entity own more than one franchise.

Who are the owners of Gujarat Titans?

Torrent Group owns 67% and CVC Capital Partners owns 33%. Torrent completed its purchase in March 2025.

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