Punjab Kings is considered to be one of the most underrated teams in the Indian Premier League. Unfortunately, Punjab Kings (earlier known as Kings XI Punjab) have failed to get their hands on the trophy since its inception in 2008. The team came very close to the silverware in the year 2014. The George Bailey-led-side finished runners-up against Kolkata Knight Riders in Bangalore. Despite the franchise failing to taste enough success in the IPL, Punjab Kings have one of the most loyal co-owner in Preity Zinta.
Punjab Kings have featured some of the finest cricketers around the world. The likes of Yuvraj Singh, Virender Sehwag, Kumar Sangakkara, Adam Gilchrist, and Hashim Amla have helped the team to go strength to strength in the early days of the cash-rich league. At present, KL Rahul has been handed the captaincy baton as the team management has completely overhauled their team with young faces and experienced cricketers roped into the squad.
Punjab Kings Owner | Team Details
|Team Name||Punjab Kings|
|Current Owner||Dabur (Mohit Burman), Wadia Group (Ness Wadia), PZNZ Media (Preity Zinta), Apeejay Surendra Group (Karan Paul)|
|CEO/Team Manager||Satish Menon|
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Who is the Owner of PBKS?
Punjab Kings had gone through some severe ups and downs in their 14-year long IPL journey. Talking about the team owners in detail, the franchise was established in 2008 as Kings XI Punjab (KXIP). The franchise is jointly owned by Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul. All four individuals are billionaires and eventually decided to come together and buy an exorbitant team as the IPL bomb was all set to explode in the world.
The team was purchased by the Dabur group's Mohit Burman (46%), the Wadia group's Ness Wadia (23%), Preity Zinta (23%), and Saptarshi Dey of the Dey & Dey Group (minor stake). The group had to pay a total of $76 million to completely acquire the Punjab-based franchise.
Satish Menon is the designated CEO of Punjab in the 14th edition of the IPL. Although the team has succumbed to win the trophy till now, the presence of high-profile players in the form of KL Rahul and Chris Gayle adds value to the batting order of the team.
The team plays its home matches at the PCA Stadium in Mohali. Due to alleged interference in the IPL scandal in 2010, the team was suspended in the year 2011. Nonetheless, the ban was lifted with the intervention of the Mumbai High Court. The multi-billionaires Indian entrepreneurs put their bets with optimism and energy. Eventually, their decisions have started to pay rich dividends as they have a strong fleet of cricketers who multiply the brand value of the team year by year.
Brand Value for Punjab Kings (PBKS) in IPL
Over the years, the brand value of the Indian Premier League has grown leaps and bounds. Eventually, the brand value of premier franchises has spiraled up significantly. Unfortunately, the annual turnover, as well as brand value, has taken a massive hit owing to the worldwide pandemic. According to a recent study done in 2020, Punjab Kings' brand value is INR 318 crores. It is currently stationed at the 7th position ahead of only Rajasthan. Comparing with the figures of 2019 which was INR 358 crores, it could be adjudged that the pandemic has adversely affected the brand value of the team.
The survey was conducted by the well-renowned Duff & Phelps IPL Brand Valuation Report. Thus, Punjab Kings will see a rise in the monetary value of the team as soon as the pandemic blues gets shy away from the world.
Punjab Kings Sponsors in IPL 2021
Title Sponsor: EbixCash
Principal Sponsors: BKT, Lotus Herbals, Jio, Dream11, boAt, All Seasons
Official Sponsors: FanCode, BodyCare, Kotak, Go First
(Source: Punjab Kings)