IPL: Team’s valuation would be a multiple of a few times over 10 years: Goenka

IPL
2022
New
Teams
List:
Name,
Auction/Bid
Price,
Owners
Info

The
BCCI
had
a
windfall
of
close
to
USD
2
billion
with
Kolkata-based
RPSG
Group
and
international
equity
investment
firm
CVC
Capital
winning
the
bid
for
Lucknow
and
Ahmedabad
franchises
respectively.

The
Goenka-owned
RPSG
Group
became
the
highest
bidder,
while
CVC
Capital
pipped
Adani
Group
to
win
the
bid
for
Ahmedabad
with
Rs
5600
offer.
“We
do
believe
that
the
valuations
of
this
will
go
up
in
the
future.
And
from
what
we
invest,
to
what
it
could
be
over
a
period
of
10
years
would
be
a
multiple
of
a
few
times,”
chairman
of
RPSG
Group
Goenka,
who
is
also
the
principal
owner
of
ATK
Mohun
Bagan
in
ISL,
said
here.

“Frankly
it’s
something
that
I’ve
been
keen
on
for
a
while.
When
the
opportunity
presented
itself
we
took
it.
IPL
has
created
some
of
the
biggest
brands.
Look
at
Mumbai
Indians,
Delhi
Capitals,
Chennai
Super
Kings
and
look
at
some
of
the
others,
they
are
really
household
names,
some
of
the
biggest
brands
the
country
has.”

Inclusion
of
two
new
IPL
teams
will
bring
more
domestic
cricketers
from
our
country
to
global
stage:
Ganguly

On
claiming
the
Lucknow
franchise,
he
said:
“For
us,
Uttar
Pradesh
has
been
an
important
state.
We
distribute
power
in
Greater
Noida.
We
have
a
number
of
Spencer
stores
in
the
state.
So
we
do
believe
that
will
help
us
to
connect
with
the
state,
and
we
look
forward
to
this.”

Goenka,
who
owned
Rising
Pune
Supergiants
for
a
period
of
two
years
from
2016
to
2017,
when
Chennai
Super
Kings
and
Rajasthan
Royals
were
suspended
owing
to
spot-fixing
charges,
was
elated
to
be
back
in
the
IPL.

“Firstly,
it
feels
good
to
be
back
in
the
IPL.
But
this
is
just
the
first
step.
Now,
it’s
really
for
us
to
build
a
good
team,
and
try
to
put
up
a
good
performance.
So
the
work
really
begins
now
in
terms
of
actually
getting
the
coach,
putting
together
a
team,
and
getting
a
sense
of
discipline
and
performance
into
play.”

Goenka
said
they’re
yet
to
decide
on
the
side’s
name,
while
the
team
combination
and
marquee
players
would
depend
on
the
availability.
“If
wishes
are
horses…
We
don’t
know
yet.
It
would
depend
on
retention
policy
and
who
are
the
available
players,
then
only
we
can
decide
on
our
key
players,”
he
signed
off.