LSG Owner 2022 – Who is the Owner of Lucknow Super Giants in IPL?

Undoubtedly, Lucknow Super Giants have by far been the most impressive debut team to have played in the Indian Premier League. For a team starting their first ever IPL campaign, they gained a huge fan base within no time. The idea of incorporating two teams in the prestigious tournament came at the beginning of 2022. This idea was brought in to conduct the tournament at a larger scale, as well as provide exposure and opportunities to domestic players. This meant, 10 teams playing while representing different cities of India and allowing a wider scope of cricket fans across the country.

LSG owner

One of the two teams to be brought in was Lucknow Super Giants. The franchise was founded on 25 October 2021 and was soon acquired by the Sanjiv Goenka-owned RPSG Group, who won the rights to operate the Lucknow franchise with a bid of a whopping INR 7,090 crores. They later drafted KL Rahul as the captain of the team for INR 17 crores, also making him the joint-highest player in the league.

Playing the tournament for the first time, they did a remarkable job. The opening pair of KL Rahul & Quinton de Kock was unmatched and certainly shattered records. They certainly defined the meaning of team effort and with the help of that, they made it to the playoffs after finishing third on the points table. However, their journey was cut short by the 4th placed Royal Challengers Bangalore who knocked them out of the competition in the eliminator. Lucknow Super Giants, with their performance, won a lot of hearts, made their mark as one of the most competitive teams, and announced their arrival with the tag of ‘team to beat.

LSG Owner | Team Details

After the governing council of the IPL invited to bring in two new teams, a total of 22 companies declared an interest. However, to LSG’s rescue came the Sanjeev Goenka-owned RPSG Group, who with an INR 7,090 crore bid won the rights to operate the Lucknow franchise. With that, Sanjeev Goenka became the principal owner, a person well aware of the standards of IPL. He was the owner of the former IPL side Rising Pune Super Giants, the second team to represent Pune. It is well established that Sanjeev Goenka is well aware of building a championship team as his team records have been remarkable in the league and results have been always been positive. Have a look at the stats below of the Lucknow Franchise in IPL 2022.

LSG Information

Team Name

Lucknow Super Giants

Current Owner

RPSG Group, Sanjeev Goenka

Captain

KL Rahul

Coach

Andy Flower

IPL Seasons Played

1

Standing Last Season

3rd (Points Table), 4th (Overall)

Most Run Scorer

KL Rahul (616 runs)

Most Wicket Taker

Avesh Khan (17 wickets)

Who is the Owner of LSG in IPL?

In 2022, the governing council invited to bring in two teams for the 15th edition of the prestigious tournament. With the bidding taking place, one of the teams, now called Lucknow Super Giants was roped in by the Sanjeev Goenka-owned RPSG Group. They made an astonishing bid of Rs 7,090 crore to earn the rights of the Lucknow franchise.

Sanjeev Goenka, the founder of the RPSG Group, is the LSG owner. He is undoubtedly one of the richest people in the country and he is an Indian businessman and the chairman and founder of the RP Sanjiv Goenka Group. He is the son of famous Indian entrepreneur Rama Prasad Goenka who founded and managed the conglomerate giant RPG Group. However, the RP Sanjiv Goenka group is no stranger to being franchise owners as earlier in 2016/17, they owned the franchise from Pune called the Rising Pune Supergiants when Chennai Super Kings and Rajasthan Royals were banned for match-fixing allegations.

The now acquired LSG team will be representing the state of Uttar Pradesh and will play their home matches at the BRSABV Ekana Cricket Stadium in Lucknow. The team has been said to be the most expensive franchise in the history of the Indian Premier League. Last year, the franchise was purchased by the Sanjeev Goenka-owned RPSG Group for Rs 7090 crores. The Bid for the Lucknow team was 250% more than BCCI’s asking base price of INR 2000 crore for an IPL team.

It seems like another business day for Sanjeev Goenka. As per Forbes, he has been placed as the 80th richest person in India with a net worth of USD 2.8 Billion as of January 2022. He indeed has brought together a team like no other and made it a title contender.

LSG owner

Team Brand Value – Who Much Do LSG Owners Earn?

The LSG owner certainly knew what he was getting his hands on when he made the whopping Rs 7,090 crores bid and earned the rights to the Lucknow franchise. The team made its debut in the 15th edition of the Indian Premier League and finished third in the points table, only to be later knocked out by Royal Challengers Bangalore in the eliminator.

However, the team did extremely well to get where they reached and proved themselves, as title contenders. With that being said, the RPSG group, that owns the franchise, has an asset base worth USD 6 Billion and a revenue of USD 4 Billion. The brand value of the team will sheerly fluctuate after their performance in the upcoming edition of the IPL. An IPL trophy in the coming year will certainly make a good case for a positive brand value.

Although, LSG is by far, the most expensive franchise in the history of the league. LSG owner and team management have invested approximately INR 89.90 crores to build and develop the team for the IPL 2022 season. The sources of income for the owners are match tickets, kits, their fame, and social media fans. The owners also made money as their team finished in the top 4 of the league stage and the prize money for each rank was distributed accordingly. Apart from that, sponsorships and social media marketing for their ventures are how the owners earn money for themselves.