Indian Premier League or IPL is a prestigious cricket tournament that is played in the country. The league is roughly spanned over for 3 to 4 months. . It is a professional tournament that not only binds Indian viewers but all cricket fans across the globe. There prevails a bit of intrigue and excitement among the audience to know about the teams and the players in detail. Here, we will closely get to know the owner of Delhi Capitals, one of many teams playing in the IPL.
The players both national and international are divided into 8 teams as of 2021 which are:
- Kolkata Knight Riders
- Chennai Super Kings
- Mumbai Indians
- Delhi Capitals
- Punjab Kings
- Royal Challengers Bangalore
- Sunrisers Hyderabad
- Rajasthan Royals
Named after metro cities all across India. There are high chances that two new teams will be added to the franchise from the year 2022, making the game more exciting.
The pattern of team owners reserving their best players and experimenting with most of the team to discover the talents of every player makes the auction procedure very exciting. It allows the players to get to know their worth and motivates them to better their sport each time.
Due to the affinity we Indians hold towards Bollywood stars, it is hard to find a person not knowing the team owners of KKR, Rajasthan Royals, or Punjab Kings having Shah Rukh Khan, Shilpa Shetty Kundra, and Preity G Zinta as the team owners respectively. Amongst movie stars, esteemed business owners of the country own some of the teams as well, the most popular example of this would be the Ambani family owning Mumbai Indians. But who is the owner of Delhi Capitals? Let us go ahead and know all about it.
WHO IS THE OWNER OF DELHI CAPITALS?
The Delhi Capitals has been jointly owned by GMR Group and JSW Group since 2008 when the team was named Delhi Daredevils only to be changed in the year 2019.
The GMR Group is an Indian multinational conglomerate based in New Delhi. Surprisingly, the Delhi Capitals, formerly known as Delhi Daredevils, was founded by the GMR Group, leading to their entry into the sports sector. It was after a decade that the company decided to sell off 50% stakes of the team to the JSW Group after the approval of BCCI and IPL Governing Council.
Grandhi Mallikarjuna Rao (GMR) after whom the GMR Group is named, was the first generation entrepreneur who started with Agriculture based industries dealing in jute, breweries, and sugar, and later moved to the infrastructure phase.
Currently, the major focus of the GMR Group lies in the developments and management of infrastructure of Airports, Highways, Energy, etc. It is very inspiring to have a private sector company in the country that is responsible for the development and management of extremely busy and beautiful airports in our country, that of Delhi International Airport, Hyderabad International Airport, and others in Goa, Andhra Pradesh, Karnataka, and Nagpur.
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Not only is the Group responsible for the development of airports to the national level but internationally as well. It is responsible for the development of airports in other countries like the Philippines and Greece.
The GMR Group operates business in different genres like transportation, service business, energy, sports, aviation academy, aviation charter services and consultancy, engineering and management services, security solutions, urban infrastructure, and a few others.
The GMR Group commenced its sports business journey by acquiring the Delhi Daredevils team in the year 2008. It can be assumed that the joint ownership of GMR Group and JSW Group led to the change of the name of the team from Delhi Daredevils to Delhi Capitals, commemorating a new journey of partnership.
Formerly known as Jindal South West, JSW Group is a multinational company based in Mumbai and is the second-largest private sector steel company in India. Mr. O.P. Jindal, an esteemed businessman who formed the O.P. Jindal Group is the parent company of JSW Group.
The origin of JSW Steel Limited dates back to the year 2005 when four different steel plants were brought under one name which was:
- A steel plant was set up in 1982.
- An acquired steel plant – Piramal Steel Limited which was later named JISCO in 1982.
- Another steel plant, known as Vijayanagar Steel Works was set up in 1994.
- The company acquires Salem Steel Works in 2004
And finally, in 2005, JISCO and JVSL merged to form JSW Steel Ltd.
The JSW Group has many subsidiaries to capture the varied needs of the markets. Apart from steel, it deals in cement, paints, consumer goods, and sports as well. The JSW Sports, headed by CEO Mustafa Ghouse owns the popular IPL team Delhi Capitals and owns a 50% stake of the team. The company has an overall presence in different regions like Saudi Arabia, the USA, Europe, Africa, and India.
And now we know the owners of the Delhi Capitals team and about them as well!
