Hit enter to search or ESC to close
The victory of the Indian team in the 2007 T20 World Cup gave wings to Indian Premier League, The tournament’s immediate success was due to the idea of players from different teams playing together and the match being highly competitive. The interest of the owners of all the teams also played an important role in kickstarting the tournament.
In January 2008, a total of eight MNCs participated in the auction bidding process. The base price was fixed at $50 million (379 crore). Mumbai Indians turned out to be the most expensive team after the auction was over.
In the 2022 edition, two new teams, Lucknow Super Giants and Gujarat Titans, were added to the roster, which proved costly for the owners due to the brand value and popularity of the Indian Premier League.
A Hyderabad based franchise was bought by Sun Group in 2012 following the dissolution of Deccan Chargers. According to the Times of India, the group pulled out a total of Rs 425 crore and named it. Sunrisers Hyderabad, The team made its debut in the 2013 edition of the Indian Premier League.
Sun Group is owned by Kalanidhi Maran, one of the richest businessmen in India. The company manages 33 TV channels, which are available in six different languages. He also has exposure to FM radio stations, magazines and newspapers.
Sunrisers Hyderabad emerged as the winners in the 2016 edition, their only title win so far. The owner’s daughter, Kaavia Maran, is a key member of the team management and makes her presence felt at auctions and stadiums during matches.
About the author