2 days ago
RPSG Group Mulls Selling Stake in Lucknow Super Giants
RPSG Group owns the Lucknow Super Giants cricket team.
A report says the group is thinking about selling a small part of its ownership.
It may seek a value of $1.5 billion to $2 billion for the whole team.
That would make the part being considered worth $225 million to $400 million.
RPSG bought the Lucknow franchise in 2021 for about $800 million.
The team is owned through a company shared by RPSG Ventures and Rainbow Investments.
IPL team values have been rising.
Two other teams, Royal Challengers Bengaluru and Rajasthan Royals, were also sold this year.
RPSG Group is considering selling a 15–20% stake in Lucknow Super Giants, according to a report.
The group is targeting a franchise valuation of $1.5 billion to $2 billion, putting the potential stake’s value at $225 million to $400 million.
RPSG acquired the Lucknow franchise in November 2021 for ₹7,090 crore, or about $800 million.
Lucknow Super Giants is held through RPSG Sports Pvt Ltd, owned 51% by RPSG Ventures and 49% by Rainbow Investments.
The report comes amid rising IPL franchise values; Houlihan Lokey put the league’s 10-team business value at $20.6 billion, up more than 11% this year.
- Who
- RPSG Group, which owns Lucknow Super Giants through RPSG Sports Pvt Ltd.
- What
- The group is reportedly considering selling a 15–20% stake in Lucknow Super Giants.
- Where
- Lucknow Super Giants is an IPL franchise; the article identifies Kolkata as the base of Rainbow Investments Ltd.
- When
- The potential sale is being considered; no date was specified. RPSG acquired the franchise in November 2021.
- Why
- The article reports the consideration amid rising IPL franchise valuations; it does not state RPSG’s specific reason for a potential sale.
Potential stake sale
Continued ownership
Whether to sell a minority stake
Potential stake sale
RPSG Group is reportedly considering a 15–20% sale, potentially valued at $225 million to $400 million.
Continued ownership
The article does not report a decision to sell or describe a position opposing a sale; the proposal remains under consideration.
Key facts
- Potential stake
- 15–20%
- Target franchise valuation
- $1.5 billion to $2 billion
- Estimated value of stake
- $225 million to $400 million
- Franchise acquisition
- ₹7,090 crore (about $800 million) in November 2021
- Ownership of RPSG Sports Pvt Ltd
- RPSG Ventures Ltd: 51%; Rainbow Investments Ltd: 49%
- IPL business value
- $20.6 billion for the 10-team league, up more than 11% this year, according to Houlihan Lokey
- Other reported team sales
- Royal Challengers Bengaluru at $1.78 billion; Rajasthan Royals at $1.63 billion
Sources
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