Who owns kkr
Kohlberg Kravis Roberts & Co. L.P (KKR) is currently one of the leading global investment companies. Its inception took place in 1976 by co-founders Henry Kravis, George R. Roberts, and Jerome Kohlberg Jr. to create a new enterprise that would reflect their own perception of successful private equity investing.
Ownership of KKR
The ownership structure of KKR is somewhat complex due to its multiple layers. As of December 2020, the largest shareholding entity in KKR was FPR Partners at around 9.5%. Other significant shareholders include various institutional investors such as BlackRock and Vanguard Group which each hold above 8% while T Rowe Price Associates holds over 7%.
However, these figures don’t tell the whole story – the individual beneficial owners have significant control over KKR as well. As per last available data, co-founders Henry Kravis and George R.Roberts together persisted to wield considerable influence through their combined stake of more than 20% in the company.
Kkr’s Involvement In Cricket
KKR has forayed into cricket as an owner not just in club level but also on country level. Shahrukh Khan, a Bollywood superstar, along with actress Juhi Chawla and her spouse Jay Mehta, who are part owners of Mehta Group, owned India-based franchise Kolkata Knight Riders (KKR), which takes part in Indian Premier League (IPL). The team has been relatively successful on field winning IPL title twice.
Furthering its ventures into cricket, they bought a significant stake in ‘The Hundred’ Team based out of London; another franchise-based format albeit devised by England Cricket Board (ECB).
One can see how KKR is tilting towards sports – particularly, cricket – within its diverse portfolio selection strategy.
Full Video in Youtube
The Influence Of KKR In Cricket
KKR ownership in cricket teams has undoubtedly raised the profile of the world’s beloved sport. The IPL, for instance, with KKR as one its franchises, has quickly become a lucrative venture following its inception in 2007.
The acquisition of stakes by KKR in cricket has also transformed how clubs operate digitized marketing strategies and increased global viewership through broadcasting rights deciphers seamless transition into an entertainment avenue from just being a sports tournament – these were few areas where value addition was seen post KKR association.
The Economic Impact Of Kkr’s Ownership
The financial power that KKR wields allows them to significantly influence the revenue patterns within cricket. Not only can they afford top-ranked players via auction but they possess resources to assemble world class coaching & support staff and invest comprehensive infrastructural development like creating state of art training facilities which might uplift club performances on field making teams even more attractive proposition raising their own investment value simultaneously framing a virtuous commercial circle via increased revenues from ticket sales, merchandise selling and media rights.
It is remarkable to note here that although it does involve higher cost initially, reinforced performance ensures healthy returns on investments not only financially but there are intangible benefits acquired enhancing brand image and loyalty among fans.
Future Of Kkr And Cricket
While at this moment, KKR’s involvement remains restricted to Kolkata Knight Riders (India) and London Spirit (England), without ruling further expansion prospects out completely; drawing inference from company’s history – we would not be surprised if they aim international leagues’ franchise acquisition aligning itself to stay tuned onto ever evolving profitable avenues worldwide.
With the growing popularity of franchise-based cricket tournaments around the globe, coupled with innovative ways of monetizing the fanfare & cricket viewing experience: opportunities might seem endless for companies such as KKR who have already proven their adaptable acumen towards new asset classes traditionally distant from their typical field of interest. The progress KKR has made in cricket could indeed mark the beginning of a thrilling new investment epoch.
