<div id="readability-page-1"><div id="parent_top_div">Cricket as a business has grown rapidly since the Indian Premier League (IPL) started in 2008. Some teams valued at around $100 million in the inaugural season are now valued at over $1 billion. Recent deals involving Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR) show how the league has become one of the richest in global sport. United Spirits Limited (USL) approved selling RCB to a group led by the Aditya Birla Group, Times Group, Bolt Ventures and Blackstone’s BXPE. The deal values the team at $1.78 billion. In another deal, a consortium led by Kal Somani fully bought Rajasthan Royals at a valuation of $1.63 billion. <h2> A 'billion-dollar' journey</h2> When the IPL was launched in 2008, eight franchises were sold at relatively low prices compared to current valuations: • Mumbai Indians (MI): Bought by Reliance Industries for about $111.9 million • Chennai Super Kings (CSK): Bought by India Cements for $91 million • Royal Challengers Bengaluru (RCB): Bought by Vijay Mallya for $111.6 million • Kolkata Knight Riders (KKR): Bought by a Shah Rukh Khan-led consortium for $75.1 million • Delhi Capitals (then Daredevils): Bought by GMR Group for $84 million • Punjab Kings (PBKS): Bought by a consortium including Preity Zinta for $76 million • Rajasthan Royals (RR): Bought by Emerging Media for $67 million Sunrisers Hyderabad (SRH) joined later in 2012 after replacing Deccan Chargers, with Sun TV Network acquiring the franchise for about $85 million. <div> Two new teams were added in 2021 -- Gujarat Titans were bought by CVC Capital Partners for ₹5,684 crore, while Lucknow Super Giants were acquired by the RP-Sanjiv Goenka Group for ₹7,090 crore. ALSO READ: Why IPL teams are worth billions: Decoding RCB and RR's valuation playbook </div> <h2> Ownership landscape in 2026</h2> Today, IPL teams are backed by a mix of large conglomerates, private equity firms and high-profile individuals: • Mumbai Indians: Reliance Industries (Mukesh Ambani, Nita Ambani) • Royal Challengers Bengaluru: Aditya Birla Group-led consortium (with Times Group, Blackstone, Bolt Ventures) • Chennai Super Kings: India Cements (N Srinivasan) • Kolkata Knight Riders: Shah Rukh Khan, Juhi Chawla, Jay Mehta • Sunrisers Hyderabad: Sun Group • Delhi Capitals: JSW Sports and GMR Group (Parth Jindal, Kiran Kumar Grandhi) • Rajasthan Royals: Kal Somani-led US consortium • Punjab Kings: Mohit Burman, Preity Zinta, Ness Wadia, Karan Paul • Gujarat Titans: Torrent Group (majority stake acquired from CVC Capital) • Lucknow Super Giants: RP-Sanjiv Goenka Group <h2> IPL: Current valuations</h2> Houlihan Lokey's 2025 IPL Valuation Study shows strong growth in team values, although brand value metrics differ from transaction valuations: • RCB: $269 million (brand value, 2025) • Mumbai Indians: $242 million • Chennai Super Kings: $235 million • Kolkata Knight Riders: $227 million • Sunrisers Hyderabad: $154 million • Delhi Capitals: $152 million • Rajasthan Royals: $146 million • Gujarat Titans: $142 million • Punjab Kings: $141 million • Lucknow Super Giants: $122 million <h2> Delhi, Hyderabad IPL teams rebranded after ownership changes</h2> Two Indian Premier League (IPL) franchises -- Delhi Capitals and Sunrisers Hyderabad -- saw ownership changes that led to rebranding, though through different routes. The Delhi franchise, originally launched as Delhi Daredevils in 2008, was bought by GMR Group for about $85 million. In 2018, JSW Sports acquired a 50 per cent stake for around ₹550 crore, after which the team was rebranded as Delhi Capitals. In contrast, the Hyderabad franchise began as Deccan Chargers in 2008 but the Board of Control for Cricket in India terminated it in 2012 due to financial issues. The slot was rebid, and Sun TV Network acquired the new franchise for about ₹425 crore, launching Sunrisers Hyderabad in 2013. This marked a complete replacement, unlike Delhi’s partial stake sale. </div></div>

NDIA

印度超級聯賽（IPL）自 2008 年成立以來，球隊估值出現了戲劇性的增長，目前一些球隊的估值已超過 10 億美元。最近的交易包括皇家挑戰者班加羅爾（RCB）以 17.8 億美元的價格出售，以及拉賈斯坦皇家以 16.3 億美元的價格出售。最初的特許經營價格顯著較低，孟買印地安人以 1.119 億美元的價格購買，欽奈超級王者以 9100 萬美元的價格購買。目前的所有權格局包括主要的企業集團和私募股權公司，反映出該聯賽已成長為全球體育中最富有的聯賽之一

從 1 億美元到 10 億美元：自 2008 年以來 IPL 球隊的估值是如何飆升的