Who is the Owner of Lucknow Super Giants in IPL 2023?
Who is the Owner of Lucknow Super Giants? The Lucknow Super Giants (LSG) is one such team that made its debut in the IPL in 2022. LSG is owned by Sanjiv Goenka, a prominent businessman and the owner of the RPSG Group. In this article, we will discuss the ownership of LSG in detail, along with some related information.
Concept of IPL
The IPL follows a franchise system, where teams represent different cities in India. Each team is owned by a franchise, which is responsible for managing the team, including selecting players, coaching staff, and support staff. The franchises participate in an auction to purchase players for their team. The players are selected based on their performance in domestic and international cricket tournaments.
The Expansion of IPL Teams
In 2022, the BCCI announced that it would expand the IPL by adding two new teams to the league. The decision was made to increase the scope of the tournament and provide more opportunities to domestic players.
A total of 22 companies declared their interest in owning an IPL team. After a rigorous bidding process, LSG was acquired by the RPSG Group for INR 7,090 crore.
The Acquisition of LSG
The RPSG Group won the bid for LSG in 2022, making it the costliest IPL franchise in history. The group is known for its diverse portfolio of businesses, including power generation, infrastructure development, and retail. The acquisition of LSG is seen as a strategic move to expand the group’s presence in the sports industry.
Sanjiv Goenka: The Owner of LSG
Sanjiv Goenka, the owner of the RPSG Group, is the principal owner of LSG. He is a prominent businessman and entrepreneur with interests in various industries, including power, retail, and entertainment. Goenka is a seasoned IPL team owner, having previously owned the Rising Pune Supergiants in 2016 and 2017. With his experience in the IPL, Goenka is expected to build a championship team in LSG.
About the RPSG Group
The RPSG Group is a multinational conglomerate that has been providing power to various regions in India since 1899. The group generates renewable energy in four different states and has a power generation capacity of 2400 MW. The group has a diverse portfolio of businesses, including power, infrastructure, retail, and sports.
In conclusion, Sanjiv Goenka, the owner of the RPSG Group, is the owner of LSG in IPL 2023. The acquisition of LSG is seen as a strategic move by the RPSG Group to expand its presence in the sports industry. With Goenka’s experience in the IPL, LSG is expected to become a formidable team in the league. It will be interesting to see how the team performs in its debut season and whether it can emerge as one of the top teams in the league.
When did LSG make its debut in the IPL?
LSG made its debut in the IPL in 2023.
Who is the owner of LSG?
Sanjiv Goenka, the owner of the RPSG Group, is the owner of LSG.
How much did the RPSG Group pay for LSG?
The RPSG Group paid INR 7,090 crore for LSG.
What is the power generation capacity of the RPSG Group?
The RPSG Group has a power generation capacity of 2400 MW.
How many teams are there in the IPL?
There are 10 teams in the IPL.
Cricket Content Writer at Cricfacts.com. A seasoned sports journalist who is working in the industry for more than two decades. He is now on facebook also.