Lucknow IPL team owner: Who is the owner of LSG? Check here

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

Lucknow IPL team owner: Sanjiv Goenka

Goenka is one of the richest people in the country, with a net worth of $2.8 billion as of January 2022. The RP Sanjiv Goenka Group is an Indian multinational business conglomerate based in Kolkata and is diversified, dealing in sectors such as power and energy, carbon black manufacturing, retail, and IT-enabled services.

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The group has a revenue of ₹26,900 crores (US$3.6 billion) in 2020 with total assets of ₹47,405 crores (US$6.3 billion). The Lucknow Super Giants are one of two new teams, along with the Gujarat Titans, that are playing in IPL 2022. In 2016 and 2017, the RP Sanjiv Goenka Group owned the franchise from Pune called the Rising Pune Supergiants.

Lucknow Super Giants and other ventures

In addition to their involvement in cricket, the RPSG group is also the co-owners of the popular football club ATK Mohun Bagan, which formed as a merger between ISL side ATK Kolkata, owned by Sanjiv Goenka, and the historic legacy club from Kolkata, Mohun Bagan. Goenka also owns Durban Super Giants cricket team in SA20.

Moreover, Sanjiv Goenka also highlighted that the recent partnership with Aakash Educational Services Limited (AESL) will bring in a lot of revenue to the franchise. Aakash Institute is one of the leading coaching institutes in India and the partnership with Lucknow Super Giants will help in promoting the institute to a wider audience.

The IPL has undoubtedly been a major business opportunity for many business tycoons in India, and Sanjiv Goenka is no exception. The league has transformed into a major sporting and financial powerhouse, attracting billions of dollars in investment over the years. The IPL has helped in changing the landscape of Indian cricket, with more focus being given to domestic cricket and nurturing of young talents across the country.

Conclusion

In conclusion, the Lucknow IPL team owner Sanjiv Goenka has made a significant investment in the Indian Premier League with the purchase of the Lucknow Super Giants franchise. Sanjiv Goenka is an Indian businessman and the chairman and founder of the RP Sanjiv Goenka Group. He is no stranger to owning an IPL team, having previously owned the Rising Pune Supergiants franchise in 2016 and 2017.

The RP Sanjiv Goenka Group is a diversified business conglomerate that has a significant presence in various sectors such as power and energy, carbon black manufacturing, retail to IT-enabled services, FMCG, agriculture, and infrastructure among others. The Lucknow Super Giants will be representing the state of Uttar Pradesh in the Indian Premier League in 2022, and are one of the two new teams besides Gujarat Titans to be playing in IPL 2022.

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With the IPL being a major business opportunity for many business tycoons in India, the purchase of the Lucknow franchise by Sanjiv Goenka is a significant investment for the future of the league. The IPL has transformed into a major sporting and financial powerhouse, attracting billions of dollars in investment over the years. The league has helped in changing the landscape of Indian cricket, with more focus being given to domestic cricket and nurturing of young talents across the country.