In a landmark second for ladies’s cricket in India, the Board of Control for Cricket in India (BCCI) formally introduced 5 groups for the inaugural version of the Women’s Premier League (WPL) on Wednesday.
The Adani Group made the most important bid for the staff from Ahmedabad, splurging Rs 1289 crore.
The 4 others with the most important bids are Indiawin Sports Private Limited (the Reliance group subsidiary), Royal Challengers Bangalore, Delhi Capitals and Capri Global.
Here is the whole lot you have to know concerning the 5 franchises which can take part within the Women’s Premier League scheduled to be held in March.
AHMEDABAD – ADANI SPORTSLINE PVT LTD – INR 1289 CR
Adani Sportsline Private Limited, owned by Gautam Adani, India’s richest man, gained the bid to personal the Ahmedabad franchise with the best bid of Rs. 1289 CR.
After lacking out on a staff within the males’s Indian Premier League, the Adani group broke the financial institution for a franchise within the Women’s Premier League.
This shouldn’t be the group’s first foray into sports activities. The group owns a kabaddi staff, a kho kho staff, and a boxing staff all named Gujarat Giants.They additionally run a nationwide programme referred to as #Garvhai, which claims to nurture India’s subsequent era of sporting champions and help them on their path to signify India.
They additionally acquired the franchise rights within the UAE’s International League T20 – Gulf Giants – together with conducting a full marathon yearly in Ahmedabad. The Adani Group additionally has a franchise in Legends League Cricket, referred to as Gujarat Giants.
They’ve determined to go together with the identical identify for his or her WPL franchise too.
MUMBAI – INDIAWIN SPORTS PVT LTD – INR 912.99 CR
IndiaWin Sports Private Limited gained the bid for the Mumbai franchise with the second-highest bid of Rs. 912.99 CR. The firm is a 100 per cent subsidiary of Reliance Industries Limited, owned by Indian billionaire industrialist Mukesh Ambani.
The Ambani family-owned group has an enormous presence within the sports activities business, particularly in cricket. They personal India’s most profitable franchise – Mumbai Indians within the Indian Premier League. It not too long ago additionally purchased MI Cape Town and MI Emirates within the South African and UAE franchise cricket leagues respectively.
Ambani-run Football Sports Development Limited launched the Indian Super League – a franchise soccer event in 2014 with the intention of attracting funding and massive world names to enhance the general high quality of soccer in India.
Nita Ambani, co-owner of Mumbai Indians and spouse of Mukesh Ambani, led a profitable bid to host the International Olympic Committee session in Mumbai after a niche of 40 years.
BENGALURU – ROYAL CHALLENGERS SPORTS PVT LTD – INR 901 CR
Royal Challengers Sports Private Limited gained the bid to accumulate the Bengaluru franchise on the bidding quantity of Rs. 901 CR.
The group is a 100 per cent subsidiary of United Spirits, which owns Royal Challengers Bengaluru within the IPL Led by director Prathmesh Mishra, the group spent 24.55 per cent of the full bidding valuation to win a staff in WPL.
United Spirits is India’s main beverage alcohol firm and it’s acquired by Diageo group. The firm manufactures, sells and distributes premium drinks.
DELHI – JSW GMR CRICKET PVT LTD- INR 801 CR
JSW GMR Cricket Private Limited (previously often known as ‘GMR Sports Private Limited’) paid 801 crores to win the bid of Delhi within the WPL.
As per the official report of GMR group, it was Incorporated in 2008 and owns various franchises in several sports activities – The capital’s IPL franchise, Delhi Capitals, marked the start of this enterprise, adopted by the Uttar Pradesh (UP) franchise of the Pro Kabaddi league – UP Yoddhas and kho kho staff Telugu Yoddhas in Ultimate Kho Kho.
JSW additionally owns a kabaddi staff – Haryana Steelers, a soccer franchise – Bengaluru FC, and likewise runs a sports activities high-performance centre in Bellary, Karnataka referred to as the Inspire Institure of Sports.
In cricket, this company coalition has additionally acquired the Dubai Capitals franchise within the not too long ago launched International League T20 in UAE. GMR additionally owns a franchise in Legends League Cricket referred to as India Capitals.
LUCKNOW – CAPRI GLOBAL HOLDINGS PVT LTD – INR 757 CR
Capri Global Holdings Private Limited (CGCL), a Non-Banking Financial Company (NBFC) gained the bid for Lucknow for a bid value Rs.757 CR.
Capri Global gained the Lucknow franchise with the bottom bid amongst the highest 5 bidders, accounting for 16.20 per cent of the full bid valuation. The group had additionally unsuccessfully bid for a staff within the males’s IPL in 2021.
This isn’t their first sports activities franchise possession although. Capri Global owns Sharjah Warriors within the International League T20, UAE’s league event. The group additionally companions the kabaddi franchise Bengal Warriors within the Pro Kabaddi League (PKL) and owns Rajasthan Warriors within the Ultimate Kho Kho (UKK) league.
Founded by Rakesh Sharma, CGCL has a presence primarily throughout verticals like micro, small & medium Enterprises (MSME) loans and residential loans. The firm is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).