Punjab Kings Owner 2023: Kings XI Punjab, now known as Punjab Kings, is a franchise-based cricket team that has been participating in the Indian Premier League since its inaugural edition. Sometimes fans are curious to know, who is the owner of Punjab Kings (PBKS).
If you are one of those fans then you have come to the right place. Here you will find detailed answers about the Punjab Kings owner (Kings XI Punjab owner).
Punjab Kings Team History:
Punjab Kings is one of the original eight teams that have been participating in the Indian Premier League (IPL) since the inaugural edition of the IPL in 2008.
Punjab Kings have not won a single IPL trophy since its inception in 2008. The biggest success of the Punjab Kings team came in 2014. When the team led by George Bailey was runners-up against Kolkata Knight Riders in Bangalore.
The team management changed the name of the team in February 2021 to give their team a whole new look. Before the 2021 IPL, the name of the team was changed to Punjab Kings from Kings XI Punjab.
Mayank Agarwal was the previous captain of the team but currently, Shikhar Dhawan has been given the responsibility of captaincy for TATA IPL 2023.
Punjab Kings Owner and Team Details:
|Team Name||Punjab Kings (Formerly known as Kings XI Punjab)|
|Current Owner||Mohit Burman, Ness Wadia, Preity Zinta & Karan Paul|
|Head Coach||Trevor Bayliss|
|Home Ground||Punjab Cricket Association Stadium (PCA), Mohali|
Who is the Owner of Punjab Kings (PBKS)?
The Board of Control for Cricket in India (BCC) decided to launch the Indian Premier League (IPL) in 2007. The eight franchises representing eight different cities in India were auctioned off in Mumbai in February 2008.
In that auction, the Panjab franchise was purchased by the Dabur group’s Mohit Burman (46%), the Wadia group’s Ness Wadia (23%), Preity Zinta (23%), and Saptarshi Dey of the Dey & Dey Group (minor stake). The group had to spend a total of $76 million to acquire this franchise.
The franchise is now jointly owned by Mohit Burman (Dabur), Ness Wadia (Wadia Group), Preity Zinta (PZNZ Media), and Karan Paul (Apeejay Surendra Group). Currently, Satish Menon is the designated CEO of the Punjab Kings team.
Mohit Burman (Dabur):
Dabur India Limited is an Indian multinational consumer goods company. The company was founded by SK Burman and is headquartered in Ghaziabad, Uttar Pradesh. Dabur is one of the best manufacturers of Ayurvedic and natural healthcare products in India. Mohit Barman is a director of Dabur India Limited, he owns a 46% stake in Punjab Kings.
Ness Wadia (Bombay Dyeing):
Ness Nusli Wadia is an Indian businessman. He is the Non-Executive / Promoter Director of Bombay Dyeing, the flagship company of the Wadia Group. He is a co-owner of Punjab Kings, currently holding a 23% stake in the franchise.
Preity Zinta (PZNZ Media):
Popular and beautiful Bollywood actress Preity Zinta is also one of the co-owners of Punjab Kings. She is the founder of the production company PZNZ Media. He is often seen at the stadium in all Punjab Kings matches, be it their home fixtures or away. Currently, she is the 23% stakeholder of PBKS.
Karan Paul (Apeejay Surrendra Group):
Karan Paul is the chairman of Apeejay Surrendra Group. This company is founded in 1910 in Jalandhar and it is one of the oldest and largest privately owned family businesses in India. At present, Karan Paul owns an 8% stake in Punjab Kings.
Brand Value of Punjab Kings (PBKS):
According to the well-renowned Duff & Phelps’ IPL Brand Valuation Report, the brand value of Kings XI Punjab in 2019 was around ₹ 358 crores.
The brand value of this franchise has increased over the years. But unfortunately in 2020, their brand value decreased by 11.3% compared to 2019 due to the Covid pandemic.
In other words, in 2020, their brand value decreased to 318 crores. In 2021 the brand value of the Punjab Kings team was around $36 Million which is around 275 crore and for 2022 the brand value was $45 Million which is around 370 crore.
Sponsors of Punjab Kings in IPL 2023:
Title Sponsor: EbixCash
Principal Sponsors: BKT, Lotus Herbals, Jio, All Seasons, Hindware, Dream11
Official Sponsors: Tide, AVPL Drones
Associate Partners: Paytm, 92.7 BIG FM, Campa, Munch, Amul Organic, B Natural, ORION, Durby Playwood
Official Kit & Merchandise Partner: T10 Sports, RARIO
Fan Merchandise Partners: FanCode, Shop The Arena, Play (R)