The 14th edition of the Indian Premier League (IPL) will witness 10 teams fight it out for the prestigious title. The enormous success of the league and abundance of Indian talent encouraged BCCI to make IPL 2022 a 10 team affair. Lucknow and Ahmedabad will be the home of the two new franchises for the upcoming season.
The RP-Sanjiv Goenka (RPSG) Group put in the highest bid at 7090 crores and will be owning the new franchise based out of Lucknow. In total, there were 22 companies that picked up the tender document worth Rs 10 lakh. While there were many big names in the fray, RPSG’s mammoth bid put an end to all speculations.
Know all about the RP-Sanjiv Goenka Group
The RP-Sanjiv Goenka Group is an Indian industrial and services conglomerate. It was founded by Sanjiv Goenka on 13 July 2011 in Kolkata. The Group’s businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, infrastructure and education.
RPSG Group has earlier owned an IPL team, the Rising Pune Super Giants. The Super Giants alog with the Gujurat Lions were the two teams introduced to replace then suspended Chennai Super Kings and Rajasthan Royals. The Goenka group also owns the Indian Super League club ATK Mohun Bagan and RPSG Mavericks Kolkata in the Ultimate Table Tennis league.
The RPSG group has 22 companies under them. The Goenka group’s famous companies include the CESC, which supplies power to Kolkata since 1899, the 120-year-old music company Saregama and the recently launched Too Yumm! which is a famous and fast-growing snacks brand.