Who owns pbks
PBKS, or Punjab Kings, is a popular franchise cricket team that participates in the Indian Premier League (IPL). The team is based out of Mohali and represents the northern state of Punjab in India. Over the years since its inception in 2008, PBKS has grown to symbolize a vibrant sporting culture in Punjab and connects with millions of fans not just across Punjab but also all over the world.
Ownership of PBKS
The core owners of this iconic cricket team are Preity Zinta, Ness Wadia, Mohit Burman, and Karan Paul. These prominent personalities own a majority stake in the team through their respective holdings.
Preity Zinta, an immensely popular Bollywood actress known for her plucky performances on screen, owns 23% share in PBKS. It’s fascinating how she upholds her love for sports by actively managing administrative issues concerning the team amidst her acting career. Her presence invariably glamorizes the IPL matches featuring PBKS and turns it into a much-awaited spectacle.
Ness Wadia, co-owner of Bombay Dyeing which is one of the oldest companies associated with textiles in India, holds another 23% shares in PBKS. His contribution to the business feasibility of owning an IPL franchise has been critical to its success.
Mohit Burman and Karan Paul’s Ownership Shares
Mohit Burman holds another significant chunk of 46% shares representing shareholder interests emanating from his role as Director at Dabur International and Aviva Insurance. On the other hand, Karan Paul – Chairman of Apeejay Surrendra Group manages his 8% shares adroitly to provide strategic inputs ensuring team efficacy.
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PBKS Team Background
Known earlier as “Kings XI Punjab”, they rebranded themselves as “Punjab Kings” ahead of the 2021 IPL season. The team has charted a dynamic journey over the years, claiming some scintillating victories and facing nail-biting defeats in its course.
PBKS plays its home matches at two primary locations – PCA Stadium Mohali and Holkar Cricket Stadium Indore. Their adoption of secondary home ground came as an effort to build their fan base across other Indian states beyond Punjab.
PBKS in IPL
Their performance graph in IPL has followed arduous yet thrilling crests and troughs. In the inaugural edition of IPL in 2008, PBKSembarked on an exhilarating journey, reaching the semi-finals. They also managed to emerge first runners-up in the nerve-wracking finale against Kolkata Knight Riders in 2014.
The composition of players within PBKS continues changing each year due to auctions scheduled by the Board of Control for Cricket (BCCI) in India. PBKS boasts having nurtured several remarkable cricketing talents who have gone on to leave indelible marks on cricket’s history worldwide.
Iconic Players
The franchise has had outstanding cricketers like Yuvraj Singh, Brett Lee, Kumar Sangakkara, and Adam Gilchrist representing it over the years. Currently, they’re led by KL Rahul who’s termed as one of the top batsmen from India and Chris Gayle popularly known as “Universe Boss”.
To conclude, ownership of Punjab Kings is vested with four distinct personalities viz. Preity Zinta, Ness Wadia, Mohit Burman, and Karan Paul. Each brings unique value attributes that harmonize well to facilitate smooth operations behind this celebrated cricket franchise. Notwithstanding occasional fluctuations on-field performances, PBKS remains instrumental in propelling cricket fervor among scores of fans dotted globally thanks to its vibrant energy level within IPL.
