Who Owns Punjab Kings?

Jatin∙ Updated: Dec 3 2024, 1:24 PM

Punjab Kings co-owners Preity Zinta & Ness Wadia [Source: @Vang_Lian/x.com]Punjab Kings co-owners Preity Zinta & Ness Wadia [Source: @Vang_Lian/x.com]

Punjab Kings (PBKS) are one of the original IPL teams, and they’ve been in the game since 2008. Based in Punjab, they’ve always brought their incredible spirit to the league, even though the IPL trophy has stayed out of reach so far.

Despite the ups and downs, PBKS has a trusted and passionate fanbase that has stuck with them through everything. A huge part of the team’s journey is thanks to their owners, KPH Dream Cricket Private Limited, which has kept PBKS alive and kicking in the league.

Here’s a closer look at Punjab Kings owners who run the show behind this powerhouse franchise.

Punjab Kings Owner: KPH Dream Cricket Private Limited

PBKS is owned by KPH Dream Cricket Private Limited, which is made up of some interesting personalities:

  • Mohit Burman from Dabur India holds the largest share at 46%.
  • Bollywood actor, Preity Zinta and Ness Wadia from the Wadia Group, each own 23%.
  • Karan Paul, a businessman, owns the remaining 8%.

This varied ownership group brings business sense, star power, and passion to the franchise. They’ve been running the team since day one and are still working hard to turn PBKS into champions.

Key Figures in Ownership

Mohit Burman is the biggest shareholder and the steady hand behind the team. He’s a businessman from the Dabur India family and has even invested in other sports leagues.

Preity Zinta adds the glamour factor. She’s always seen at matches, cheering loudly for the team, and is super involved in the auctions.

Ness Wadia, from the Wadia Group (the family behind brands like Britannia), is the business brain in the mix. Even though he and Preity were once a couple, they’ve managed to work together professionally.

Karan Paul plays a background role but brings his own business expertise to the table.

Punjab Kings’ Ownership History

PBKS has had the same ownership since 2008, but that doesn’t mean things have been smooth all the way:

The franchise started under KPH Dream Cricket Private Limited with Mohit, Preity, Ness, and Karan at the helm.

Over the years, there have been some internal disputes, like the rumoured clash between Preity and Mohit over share sales, but the group has stayed together.

The team even went through a rebrand in 2022, changing from Kings XI Punjab to Punjab Kings. While the name changed, the hunt for the IPL title remains.

KPH Dream Cricket Private Limited: Controversies and Legal Challenges

PBKS hasn’t stayed away from controversies:

  • Termination by BCCI in 2011: BCCI terminated PBKS’s contract over alleged agreement violations. The team took legal action, and the court ruled in their favour. They were reinstated after paying a ₹1 crore fine.
  • Preity Zinta vs Ness Wadia: In 2014, Preity accused Ness of molestation during a match at Wankhede Stadium. The case dragged on for four years before Preity withdrew the complaint, and the two owners sorted things out.
  • Share Dispute: Rumours suggested Mohit wanted to sell part of his shares to a third party, which Preity opposed, saying shares must be offered to current owners first. While nothing official came out, it seems the issue has been resolved for now.

Business Ventures and Affiliations

Punjab Kings have partnered with several big brands to keep the franchise financially strong and connected to their fans. Their title partner is Dream11, while principal sponsors include BKT, Jio, A23, Kent RO, Hindware, and Astral Pipes.

They’ve also tied up with official partners like Advance, Avon, Dazzler, and Verka. Lava is their handset partner, Timex serves as their time partner, and Campa is their pouring partner.

For ticketing, they’ve teamed up with Insider Paytm, while their merchandise partners include Play R, Polaroid, FanCode, ShopTheArena, Six5Six, and DudeMe.

Frequently Asked Questions (FAQs)

Q.1. Who owns Punjab Kings?

Answer: Punjab Kings is owned by KPH Dream Cricket Private Limited, co-owned by Mohit Burman, Preity Zinta, Ness Wadia, and Karan Paul.

Q.2. Who are the key figures in the team’s ownership?

Answer: Mohit Burman, Preity Zinta, Ness Wadia, and Karan Paul are the main names behind PBKS.

Q.3. What controversies has the ownership faced, if any?

Answer: PBKS has faced issues like termination by BCCI, Preity’s case against Ness, and a rumoured share dispute between Mohit and Preity.

Q.4. What other ventures are associated with the team’s owners?

Answer: Mohit Burman is involved with Dabur India, Ness Wadia is part of the Wadia Group, and Preity Zinta is a Bollywood actress and producer.