Punjab Kings Owner : Who Holds the Reins of PBKS in IPL?
Who is the owner of Punjab Kings? The Indian Premier League (IPL) is one of the most popular T20 cricket leagues in the world, featuring some of the best cricketers from around the globe. Among the franchises that have participated in the IPL since its inception is the Punjab Kings (PBKS). In this article, we will delve into the ownership structure of the Punjab Kings team and explore the individuals who currently own and operate the franchise.
PBKS Team History
The Punjab Kings franchise was founded in 2008 as Kings XI Punjab and was owned by the Dabur Group. However, the team struggled to find consistent success in the early years of the IPL and went through several changes in ownership and management.
In 2014, the Mohit Burman-led consortium acquired the franchise and has since been the owner of Kings XI Punjab, which was rebranded as Punjab Kings in 2021.
Who is the Owner of PBKS in 2023?
Currently, the ownership of the Punjab Kings franchise is held by KPH Dream Cricket Private Limited, a company co-owned by Mohit Burman of Dabur India, Bollywood actress Preity Zinta, Ness Wadia of the Wadia’s group, and Karan Paul. Burman has the highest stake in the team, with a 46% share, followed by Zinta and Wadia, who own 23% each. Meanwhile, Paul has an 8% stake in the franchise.
Mohit Burman is a well-known Indian businessman and investor and is the Deputy Managing Director of Dabur India Limited, one of India’s largest Ayurvedic medicine companies. He has been associated with the Punjab Kings franchise since 2014 and has been a driving force behind the team’s success in recent years.
Preity Zinta is a renowned Bollywood actress and one of the co-owners of the Punjab Kings franchise. She has been associated with the team since 2008 and has been a vocal supporter of the franchise both on and off the field.
Ness Wadia is an Indian businessman and a part of the Wadia family. He is the managing director of Bombay Burmah Trading Corporation, a company that has major holdings in all of the subsidiaries of the Wadia Group, including an indirect major shareholding in the Britannia Industries.
Karan Paul is an entrepreneur and industrialist based in Kolkata. He is the chairman of the Apeejay Surrendra Group, a conglomerate with interests in tea, hospitality, and real estate. Paul has been associated with the Punjab Kings franchise since 2018.
Punjab Kings Ownership Structure 2023
The Punjab Kings franchise is owned and operated by KPH Dream Cricket Private Limited, which is co-owned by Mohit Burman, Preity Zinta, Ness Wadia, and Karan Paul. The ownership structure of the franchise has remained largely unchanged since 2014, when the Mohit Burman-led consortium acquired the team.
In conclusion, the Punjab Kings franchise is owned and operated by KPH Dream Cricket Private Limited, co-owned by Mohit Burman, Preity Zinta, Ness Wadia, and Karan Paul. Burman holds the highest stake in the team, with Zinta and Wadia owning equal shares, while Paul has a smaller stake. With a dedicated ownership group and a talented roster, the Punjab Kings are well-poised to continue their success in the IPL.
When was the Punjab Kings franchise founded?
The Punjab Kings franchise was founded in 2008 as Kings XI Punjab
Who is the current captain of the Punjab Kings team?
The current captain of the Punjab Kings team is Shikhar Dhawan.
Has the Punjab Kings team won an IPL championship?
No, the Punjab Kings team has not won an IPL championship yet.
What was the reason for the rebranding of the franchise from Kings XI Punjab to Punjab Kings?
The rebranding of the franchise was done to give the team a fresh identity and a renewed focus on achieving success in the IPL.
Who is Mohit Burman?
Ans: Mohit Burman is a well-known Indian businessman and investor and is the Deputy Managing Director of Dabur India Limited, one of India’s largest Ayurvedic medicine companies. He is also one of the co-owners of the Punjab Kings franchise
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.