Owner of Lucknow IPL team: Who is the LSG IPL Team owner?

Updated on: Mar 16, 2023 3:31 pm IST

Owner of Lucknow IPL team

Sanjiv Goenka, the founder and chairman of the RP Sanjiv Goenka Group, has become the owner of the most expensive franchise in the history of the Indian Premier League. The Lucknow Super Giants were purchased by Goenka for an astounding price of Rs 7090 Crores, which is more than 250% higher than the BCCI’s base price of INR 2000 Crores for an IPL team.

Owner of Lucknow IPL team

The acquisition of the Lucknow Super Giants franchise by Sanjiv Goenka is considered a significant investment in the future of the IPL. With this acquisition, the RP Sanjiv Goenka Group has established a strong presence in the IPL, one of the most popular cricket tournaments in the world.

The RP Sanjiv Goenka Group is a diversified business conglomerate with interests in various sectors, including power and energy, retail, infrastructure, and entertainment. The acquisition of the Lucknow Super Giants franchise adds a new dimension to the group’s portfolio and reflects its commitment to investing in the growth of the Indian economy.

Sanjiv Goenka is a prominent Indian entrepreneur and business magnate, known for his wealth and influence in the Indian business community. As of January 2022, his net worth was estimated to be $2.8 billion, making him one of the richest people in the country. He is the founder and chairman of the RP Sanjiv Goenka Group, a multinational conglomerate with interests in various sectors, including power and energy, carbon black manufacturing, retail, and IT-enabled services.

The RP Sanjiv Goenka Group is a diversified business conglomerate with a strong presence in the Indian market. The group has a revenue of ₹26,900 crores (US$3.6 billion) in 2020, making it one of the largest companies in India. The group’s total assets were estimated to be ₹47,405 crores (US$6.3 billion), reflecting its position as a major player in the Indian business landscape.

The Lucknow Super Giants are one of two new teams that were introduced to the Indian Premier League in 2022, along with the Gujarat Titans. The acquisition of the franchise by Sanjiv Goenka was a major investment in the future of the IPL, one of the most popular cricket tournaments in the world. This move reflects the group’s commitment to investing in the growth of the Indian economy and the continued expansion of the IPL.

Related: KL Rahul IPL 2022 Performance

The RP Sanjiv Goenka Group has a long history of involvement in the IPL. In 2016 and 2017, the group owned the franchise from Pune called the Rising Pune Supergiants. The team performed well in its first season, finishing in the top four, but struggled in the second season, finishing second from the bottom. The acquisition of the Lucknow Super Giants franchise represents a new chapter in the group’s involvement in the IPL, and is seen as a major opportunity to expand its presence in the world of cricket.

Sanjiv Goenka’s success in business can be attributed to his keen business acumen, his ability to identify opportunities, and his willingness to take risks. He is known for his strategic vision and his ability to navigate complex business environments. His leadership has been instrumental in the growth and success of the RP Sanjiv Goenka Group, which has emerged as one of the most successful and influential companies in India.

The RP Sanjiv Goenka Group is involved in various sectors, including power and energy, carbon black manufacturing, retail, and IT-enabled services. The group’s flagship company, CESC, is one of the largest private sector power utilities in India. The company operates in the states of West Bengal, Rajasthan, and Goa, and has a total installed capacity of 2,525 MW. The group’s other companies include Phillips Carbon Black Limited, Saregama India Limited, Firstsource Solutions Limited, and Spencer’s Retail Limited.

In recent years, the RP Sanjiv Goenka Group has been focused on expanding its presence in the retail sector. The company has been investing heavily in Spencer’s Retail Limited, which operates a chain of supermarkets and hypermarkets in India. The group is also involved in the IT-enabled services sector, with companies such as Firstsource Solutions Limited providing business process outsourcing services to clients in various industries.

The acquisition of the Lucknow Super Giants franchise is a significant milestone for the RP Sanjiv Goenka Group, as it reflects the group’s commitment to investing in the growth of the Indian economy and its willingness to take risks and explore new opportunities. The IPL is one of the most popular cricket tournaments in the world, and the acquisition of a franchise in the league is seen as a major opportunity to expand the group’s reach and influence.

Related: KL Rahul IPL Career

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