Who are CVC Capital and RPSG Group who bought Ahmedabad-Lucknow IPL team

Who are CVC Capital and RPSG Group who bought Ahmedabad-Lucknow IPL team

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New Delhi. Two more new teams will appear in the Indian Premier League 2022. The BCCI announced the teams of Lucknow and Ahmedabad on Monday. The Lucknow team has been bought by Sanjeev Goenka’s RPSG Group and the Ahmedabad team has been bought by CVC Capitan. With this, not 8 but 10 teams will be seen in the 2022 IPL.

BCCI got around Rs 12,715 crore from these two teams. RPSG Group bought the Lucknow team for Rs 7090 crores, while the Ahmedabad team was bought by CVC Capital for 5625 crores. The conditions issued by the BCCI for the purchase of two new IPL teams. In that the investor could apply to buy both the teams. But in the end he could only buy one team. Let us know who are the companies who have bought the team of Lucknow and Ahmedabad.

RPSG Group
Sanjeev Goenka is the chairman of this company and its headquarter is in Kolkata. This company has assets of $ 6 billion as well as revenue of $ 4 billion. This company works in the field of infrastructure including power and energy, retail, manufacturing, FMCG, media and entertainment. Not only cricket, but in the Indian Super League of football, the team of this group ATK participates. The company owns most of the shares of the football club Mohun Bagan. Also the RPSG Mavericks Kolkata team, which participates in the Ultimate Table Tennis League, is also a part of this group.

CVC Capital Partners
The private equity firm has spent more than 5600 crores to buy the team from Ahmedabad. The headquarter of this company is in Luxembourg and London. According to the data for the year 2019, CVC Capital has assets of $ 75 billion. The company has about three lakh employees in different countries of the world. CVC was started in 1981. The company’s chief executives are Steve Coltes and Donald McKenzie.

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