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Delhi Capitals (DC) Owner – Who is the Owner of Delhi Capitals (DC) in IPL 2023
The Delhi-based franchise is one of the eight founding teams in the IPL. The franchise began as Delhi Daredevils in IPL 2008 before opting to change its name in December 2018 to Delhi Capitals (DC). The Delhi franchise began on a bright note in the inaugural IPL season after reaching the Semi-final but has failed to win an IPL trophy ever since. With the change in name and ownership, Delhi Capitals has witnessed two of its best years in IPL since 2018.
Under the leadership of Shreyas Iyer, Delhi finished third in 2019 before making its maiden IPL final appearance in 2020. However, the Capitals couldn't get their hands on the elusive IPL trophy. In the last two years, Delhi has emerged as the most improved IPL franchise. The on-field performance has helped the franchise grow in terms of its popularity among the fans and gain financial impetus in its brand value.
Delhi Capitals (DC) in the IPL is a joint-venture run under the ownership of the GMR group and the JSW group. The IPL franchise was sold to the GMR group in IPL 2008 for US$84 million. However, in March 2018, GMR sold a 50% stake of the franchise to the JSW group for INR 550 Crores (nearly US$85 million) leading to a co-ownership between the two companies. The deal between the two companies involves a swap of leading the team management after every two years starting with IPL 2019.
For the 2019 & 2020 IPL seasons, Delhi Capitals and its functioning at the management level were headed by Chairman Parth Jindal (MD, JSW Group). However, the GMR group will serve as the top management for the Delhi Capitals until the IPL 2022. Kiran Kumar Grandhi of the GMR group and Parth Jindal, heading the JSW group, are the two significant figures behind the Delhi Capitals DC owners. Most often, the Delhi Capitals DC owners have been spotted during the IPL matches, which can be wagered using the Bet365 cricket betting options, and also at the auction table during the IPL auction, which is covered by the Parimatch cricket betting section.
For the last two IPL seasons (2019 & 2020), Delhi Capitals and its functioning at the management level were headed by Chairman Parth Jindal (MD, JSW Group). However, for the next two years at the IPL, the GMR group will serve as the top management for the Delhi Capitals. Kiran Kumar Grandhi of the GMR group and Parth Jindal, heading the JSW group, are the two significant figures behind the working of the Delhi franchise. Most often, the Delhi Capitals owners have been spotted during the IPL matches and also at the auction table during the IPL auction.
Delhi Capitals (DC) Team Brand Value
How Much Do Delhi Capitals DC Owners Earn?
The brand value for Delhi Capitals has grown by leaps and bounds in the last two years. The franchise witnessed highly successful years in IPL in 2019 and 2020 which has produced high financial returns for the Delhi Capitals owners in the recent past. According to a report in Duff and Phelps, Delhi Capitals suffered the least dip (around 1%) in their brand value among all IPL teams after being hit by the pandemic in 2020. While the DC team brand value was estimated at around INR 374 Crores in 2019, it dropped to INR 370 Crores in IPL 2020.
However, the franchise seems to compensate with record-breaking sponsorship deals in 2022. In IPL 2022, Delhi secured the highest-ever sponsorship with a total of 25 sponsors for the franchise in the season. Hence, DC is now valued at $52.2 million or Rs 386 crores in 2022.
Delhi Capitals Sponsors in IPL 2022
Principal Sponsors – JSW, APL Apollo, Octa, BOLT
Associate Sponsors – Acko, Royal Stag, Dream 11, RapiPay, Jio, Cup Noodles, Evolut, Wrogn