According to LiveLaw, the Delhi High Court on 5 May denied an interim injunction petition that the IPL team Royal Challengers Bangalore (RCB) had brought against Uber Moto over a purportedly offensive YouTube ad that featured Travis Head of Sunrisers Hyderabad (SRH).
RCB’s request for an interim injunction was denied by Justice Saurabh Banerjee, who stated that the disputed advertising did not call for any action at this time. According to the Delhi High Court, which Livelaw cited, the contested advertising is about a game of sportsmanship called cricket, which does not, in this court’s view, require any kind of intervention at this time.
The HC said that the plaintiff could run on water with guarantees that they wouldn’t fall because, in a situation like this one, the court’s intervention at this point would equate to falling. Consequently, the current application is denied.
Why RCB went to HC?
Travis Head, a cricket player of Sunrisers Hyderabad, appears in the Uber YouTube promo as part of the “Hyderabaddie” campaign. As a humorous jab at the rival IPL club Royal Challengers Bangalore (RCB), Head is seen in the advertisement changing a banner to say “Royally Challenged Bengaluru”.
The ad, which was meant to advertise Uber’s bike taxi service, caused controversy since RCB claimed it violated their trademark and denigrated their brand. RCB claimed that this action, together with the use of their trademarked slogan “Ee Sala Cup Namde”, denigrated and diluted their corporate identity. There are currently 2 million views for the 0.59-second video.
RCB’s Allegations
Given that Uber Moto is a commercial sponsor of SRH, a rival IPL club, RCB said that Uber’s advertisement amounted to commercial ridicule and brand dilution due to its illegal use and distortion of their trademark.
The franchise requested a temporary injunction to prevent Uber from showing the commercial. The complaint was dismissed as unfounded by Uber, which defended the advertisement as a form of commercial free speech and marketing.
The court ruled that the complainant had not established a prima facie case of trademark infringement or disparagement against the defendants.
According to the court, there is currently nothing in the advertising that might incite or inspire anyone in the general public, much less any RCB or SRH cricket players, fans, or watchers.
The court pointed out that there cannot be a one-sided impression or version of the contested advertisement, especially when what the plaintiff believes to be “right” may be “wrong” in the defendants’ eyes, and vice versa.
Since there are always two sides to a story, it is impossible to draw conclusions about the act or acts of disparagement based solely on the opinions, remarks, or statements of a small number of viewers or followers. In any case, that cannot serve as the standard by which the act of disparagement and/or infringement is judged.
Cricket is a religion in India. The masses love the sport, which has been possible due to India’s constant production of the best of talents and some of the greatest names in world cricket. From Sachin Tendulkar, and Mahendra Singh Dhoni to Virat Kohli – the players have led this growth but the most powerful dominator to drive growth for the game has been possible because of the induction of the biggest cricketing festival on the planet, arguably – The IPL. The Indian Premier League frenzy is back with its 16th season. With back-to-back thrilling matches, the IPL is witnessing its valuations soaring over the years. With an annualized growth rate of 24%, IPL has overtaken the growth rate for NFL team values of 10% and 16% for NBA team values.
The recession-proof T20 league, with an overflowing rake in viewership and ad revenues higher than the previous editions, will most certainly take over the cricketing world.
Here’s the list of Forbes’ most valuable teams of IPL 2023 —
The five-time champion Mumbai-based franchise comes first on the list. With a valuation of $1.3 billion or INR 9968 crore, the Ambani-owned company is sure to grow in the coming seasons.
When the BCCI established the IPL in 2007, Mumbai Indians was the most expensive team to be sold for $111.9 million to India’s largest conglomerate, Reliance Industries, through its 100% subsidiary Indiawin Sports.
MI has won the IPL title for a record-breaking five times in a year— 2013, 2015, 2017, 2019, and 2020, making it the most successful team in the league. Over the years, the franchise has featured players like— Lasith Malinga, Rohit Sharma, Harbhajan Singh, Jayasuriya, Surya Kumar Yadav, Jasprit Bumrah, Hardik Pandya, Ishan Krisan, along with other players who had a crucial role in the team’s success.
With master-blaster Sachin Tendulkar as the franchise’s icon, the Rohit Sharma-led team is ready to reinvent itself with a new approach and strategy for IPL 2023. Currently sitting at 6th place this season, the franchise is confident with its players trained under former South Africa wicketkeeper-batter Mark Boucher the head coach— under veteran all-rounder Kieron Pollard for batting, former Auckland cricketer James Pamment for fielding and Shane Bond for bowling.
With an operating income of $5.5 million and revenue of $33 million, Mumbai Indians will grow in the coming seasons: providing a prime investment opportunity for potential investors.
Chennai Super Kings
Team
Chennai Super Kings
Owner
India Cements
Valuation
$1.5 Billion or INR 9440 Crores
IPL 2023 – Chennai Super Kings, Most Valuable Team
In number two, we have the four-time champion— the Chennai Super Kings (CSK). Owned by India Cements for $91 million, the team currently has an operating income of $14.8 million and a revenue of $41.2 million. With its consistent and massive fan base, CSK became India’s first sports unicorn in February 2022, worth $1.02 billion or INR 8377 crore.
Winning the title four times in 2010, 2011, 2018, and 2021, CSK boasts the record of most appearances in the playoffs (eleven) and the Final (nine) and has the highest winning percentage of 58.98%. Several prominent players like— Matthew Hayden, Muttiah Muralitharan, Brendon McCullum, Suresh Raina, Mike Hussey, Dwayne Bravo, Faf du Plessis, Ravichandran Ashwin, Ravindra Jadeja, Albie Morkel, Murali Vijay, and MS Dhoni—have played their part in making the franchise successful.
Captained by MS Dhoni, the franchise under the head coach– former New Zealand captain Stephen Fleming, former IPL Orange Cap winner Michael Hussey the batting coach, West Indies all-rounder Dwayne Bravo the Bowling Coach and Rajiv Kumar, the Fielding Coach for IPL 2023. Currently ranking at number 3, with three wins and two losses, the Dhoni-led yellow army will remain a force to be reckoned with— both in terms of their performance and financial success.
Kolkata Knight Riders
Team
Kolkata Knight Riders
Owner
Shahrukh Khan, Juhi Chawla, Jay Mehta, Red Chillies Entertainment
Valuation
$1.1 Billion or INR 9029 Crores
IPL 2023 – Kolkata Knight Riders, Most Valuable Team
Shah Rukh Khan’s Kolkata Knight Riders follow CSK to rank third in the Forbes list. The two-time IPL champions— 2012 and 2014, have crossed the billion-dollar mark in valuation and have an operating income of $14.1 million and a revenue of $41.2 million.
Representing the city of joy, Kolkata, this franchise is owned by Bollywood superstar Shah Rukh Khan’s Red Chillies Entertainment in partnership with actress Juhi Chawla and her spouse Jay Mehta for a price of $75.09 million or INR 616 crores in 2007.
With the strong performance of prominent players like Shreyas Iyer, Andre Russell, Sunil Narine, and Shakib Al Hasan, the franchise was successful two times in winning the title. For the 2023 IPL, the team has been training under the guidance of head coach Chadrakant Pandit, former Indian fast bowler Bharat Arun as the bowling coach, and former Netherlands all-rounder Ryan ten Doeschate as the fielding coach. Nitish Rana led the team mentored by David Hussey and is aiming for the top this season.
Lucknow Super Giants
Team
Lucknow Super Giants
Owner
RPSG Group, Sanjeev Goenka
Valuation
$1.075 Billion or INR 8822 Crores
IPL 2023 – Lucknow Super Giants, Most Valuable Team
The newly formed RP-Sanjiv Goenka Group-owned franchise stands at number four in Forbes’ list of valuable IPL teams. In 2021, the Sanjiv Goenka-owned RPSG Group, which previously owned the Rising Pune Supergiant, won the rights to operate the Lucknow franchise at INR 7,090 crores.
Within a year of its formation, the KL Rahul-led team shot into the top half of the valuation rankings after they finished third in the previous season of the IPL, with players like KL Rahul, Quinton de Kock, Marcus Stoinis, Deepak Hooda, and Manan Vohra. Under the mentorship of Gautam Gambhir, former Zimbabwean cricketer Andy Flower as the head coach, South African fast bowler Morne Morkel as the bowling coach, and African legend Jonty Rhodes as the fielding coach, LSG is currently ranking second in the point table with four wins and two losses.
With a valuation of $1.075 billion or INR 8822 crores, the Lucknow SuperGiants are expected to emerge as a significant team in the league.
Initially named Delhi Daredevils, the Delhi-based franchise is co-owned by the GMR Group and the JSW Group and has a valuation of $1.035 billion or INR 8496 crores. Bolt, theElectric vehicles (EV) infrastructure provider, 2022 had signed up to become the principal sponsor for the franchise.
With prominent players like Shreyas Iyer, Rishabh Pant, Shikhar Dhawan, Prithvi Shaw, and Ravichandran Ashwin, the Delhi Capitals have been amongst the most consistent teams in the IPL but have played the final match only once in 2020.
The David Warner-led franchise is yet to win its title.
Training under the former Australian captain Ricky Ponting, who is the head coach, former Delhi Capitals captain James Hopes is the fast bowling coach, and Biju George as fielding coach DC is buckled up for some action this season.
Royal Challengers Bangalore
Team
Royal Challengers Bangalore
Owner
United Spirits
Valuation
$1.025 Billion or INR 8416 Crores
IPL 2023 – Royal Challengers Bangalore, Most Valuable Team
Named after a liquor brand, Royal Challenge, the Royal Challengers Bangalore (RCB) comes sixth in the valuation rankings despite its incredible popularity. During its inception in 2007, Vijay Mallya purchased the Bangalore franchise by paying $111.6 million— the then second-highest bid for a team. And after the 2016’s Mallya scam, the ownership got transferred to United Spirits.
The franchise has an overall valuation of $1.025 billion or INR 8416 crores and produces an income of $36.4 million and a working pay of $9.7 million. Though the franchise ranks low in the valuation rankings, it boasts the most loyal fanbase.
With prominent players like Virat Kohli, AB de Villiers, Devdutt Padikkal, Yuzvendra Chahal, and Glenn Maxwell, the franchise had thrice finished runners-up, and the team holds the records of both the highest and the lowest totals in the IPL – 263/5 and 49 respectively.
Under the Indian all-rounder Sanjay Bangar as the head coach of RCB, former Indian all-rounder Sridharan Sriram as the batting and spin bowling coach, Adam Griffith as the bowling coach, and Malolan Rangarajan as not only the fielding coach but also their talent scout, the Faf du Plessis led team, who came third in the previous season is prepared to redeem themselves and lift their maiden Trophy.
Rajasthan Royals
Team
Rajasthan Royals
Owner
Manoj Badale-led Emerging Media IPL Ltd and Lachlan Murdoch
Valuation
$1 Billion or INR 8210 Crores
IPL 2023 – Rajasthan Royals, Most Valuable Team
In 2007, with a bid of $67 million, Emerging Media Ltd owned the least expensive team in the league. The Rajasthan Royals (RR) has a valuation of $1 billion or INR 8210 crores and has an operating income of $6.6 million and revenue of $31.7 million. Ahead of IPL 2022, the Rajasthan-based franchise signed with Dollar Industries as their principal sponsor for a multi-year partnership.
With prominent players like Shane Warren, Yusuf Pathan, Rahul Dravid, Jos Buttler, Sanju Samson, Yuzvendra Chahal, and Trent Boult, RR has maintained its gameplay and has once won the title– during the inaugural season.
The team is training under the legendary Sri Lankan player Kumar Sangakkara— RR’s head coach, former Sri Lanka fast bowler Lasith Malinga as the team’s fast bowling coach and the former Rajasthan Royals wicketkeeper Dishant Yagnik as the fielding coach. Captained by Sanju Samson for the third time, Royals is topping the points table and will be keen to progress with a second title in the cash-rich league.
Drone Show At IPL 2023 Opening Ceremony | GT vs CSK | IPL 2023
Sunrisers Hyderabad
Team
Sunrisers Hyderabad
Owner
Kalanithi Maran and Sun TV Network
Valuation
$970 Million or INR 7964 Crores
IPL 2023 – Sunrisers Hyderabad, Most Valuable Team
With a market worth of $970 million or INR 7964 crores, Sun Network Ltd owned this 2016 IPL champion with an operating income of $3.2 million and revenue of $31.8 million. The Hyderabad-based franchise was founded in 2012, replacing the Deccan Chargers, and won their maiden title in 2016.
Notable players like David Warner, Kane Williamson, Rashid Khan, Bhuvneshwar Kumar, Jonny Bairstow, Shikhar Dhawan, Pragyan Ojha, and Bhuvneshwar Kumar have assisted the team with their consistent performances over the years.
Trained by the former South African bowler Dale Steyn for fast bowling, former Sri Lankan off-spinner Muttiah Muralitharan for spin bowling,
Former Indian player Hemang Badani for fielding and headed by the West Indies’ veteran batsman Brian Lara as the head coach, the team led by Aiden Markram is all set to claim the IPL title.
Previously known as Kings XII Punjab, the 2007-formed team has never won an IPL. Jointly owned by Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul, Punjab Kings has the lowest valuation amongst all IPL franchises— with $925 million or INR 7595 crores, they create an income of $31.2 million and have a working pay of $9.8 million.
Though prominent players like Shikhar Dhawan, Kagiso Rabada, Shahrukh Khan, Arshdeep Singh, and Jonny Bairstow have featured in the team, Punjab Kings is yet to make an impact in the IPL.
The Shikar Dhawan-led team will have Trevor Bayliss, the veteran Australian Coach as head coach with Charles Langeveldt, fast bowling coach and India’s highly decorated top-order batsman, Wasim Jaffer as the batting coach for the 2023 IPL season.
Gujrat Titans
Team
Gujarat Titans
Owner
Steve Koltes, Donald Mackenzie, Rolly van Rappard
Valuation
$850 Million or INR 6979 Crores
IPL 2023 – Gujarat Titans, Most Valuable Team
Established in 2021, Gujarat Titans made history in 2022 when Hardik Pandya led Team to win the title in their first-ever season. Presently, in tenth place in the valuation rankings, the CVC Capital Partners-owned team has a value of $850 million or INR 6979 crores. With prominent players like Hardik Pandya, Rashid Khan, and Shubman Gill, the Gujarat-based franchise has begun its race in the IPL. Mentored by Gary Kirsten, who is also their batting coach, and headed by former India fast bowler Ashish Nehra as the head coach, Hardik Pandya led is all set to defend their title in the 16th edition of IPL.
Overall, the Indian Premier League is an amalgamation of India’s diversity, passion for the sport, the commercial narrative that the game has laid on India’s business ecosystem, and most importantly – an incredible showcase opportunity for entrepreneurs and startups as more startups get the exposure and the world as their stage, plus an incredible opportunity to network with some of the greatest names in business and cricket – the Indian ecosystem will be a winner, always. Not crocket, not startups – but the whole economy!
FAQs
Which is the most valuable team of IPL in 2023?
Mumbai Indians, owned by the Ambanis is the most valuable team of IPL in 2023.
Which is the lowest-valued team of IPL in 2023?
Gujarat Titans are the lowest-valued team of IPL in 2023, valued at $850 million or INR 6979 crores.
Who owns Royal Challengers Bangalore after the Mallya scam in 2016?
After the Mallya scam in 2016, the ownership of Royal Challengers Bangalore got transferred to United Spirits.
What are the 10 most valuable teams of IPL 2023?
Here’s the list of Forbes’ most valuable teams of IPL 2023 —
It is pretty apparent that Indians love cricket, and millions of Indians look forward to this specific cricket event every summer. And if you’re a fellow cricket lover, you’ll understand what we’re talking about. The Indian Premier League, or IPL, is one of India’s most popular cricket tournaments. Fans look forward to seeing their favorite cricketers from across the world compete in teams.
The event is grand, and advertisers invest millions of dollars in it. But the main attraction before the event is the auction of players. Team owners spend so much money to get the most suitable players for their teams. Fans also observe this auction very carefully as it makes or breaks their favorite teams.
These club owners place bids for the players they desire, and if the player is popular or trendy, the costs might skyrocket. On the 12th and 13th of February, the IPL auction took place in Bangalore. The occasion was spectacular, and all of the team owners attended. When their favorite players were selected by their beloved teams, the supporters were ecstatic.
Let’s take a look at how many teams are present this year, as well as all of their owners.
Let’s start the list with one of the most popular teams in the game, Mumbai Indians. As the name suggests the team is based in Mumbai, Maharashtra. Mumbai Indians is a team completely owned by the Reliance Industries Ltd.Mukesh Ambani and Neeta Ambani bought Mumbai Indians in 2008. The team has won a lot of matches and has a massive fan following. The massive fan base stems from the renowned record of successful tournaments as well as the great players associated with it, such as Sachin Tendulkar, Malinga, Rohit Sharma, and others.
Chennai Super Kings
Owners: India Cements, Sharda Logistics, LIC, Radhakishan Damani, and Non-Promoter Group
Chennai Super Kings
The Chennai Super Kings are one of the most popular teams in the country, with major stars like MS Dhoni, Raina, Bravo, and a slew of others. This year, the squad has five owners and has become India’s first unicorn sports team. The team is 54.6% owned by India Cements, 30.1% by Sharda Logistics, 6.9% by LIC, 6% by Radhakishan Damani, 2.4% Non-Promoter Group.
Kolkata Knight Riders
Owners: Red Chillies Entertainment & Mehta Group
Kolkata Knight Riders
Kolkata Knight Riders also known as KKR, is a team based in Kolkata, West Bengal. The team is known for their catchy phrase in Bengali, ‘Korbo, Lorbo, Jeetbo Re’. The team is owned 55% by Shah Rukh Khan’s Red Chillies Entertainment and 45% by Juhi Chawla and husband Jay Mehta’s Mehta Group.
Royal Challengers Bangalore
Owner: United Spirits Ltd.
Royal Challengers
The team, commonly referred to as RCB, is a force to be reckoned with in terms of talent. Many great names are associated with it, however, they are sometimes referred to as “underachievers” owing to some of their poor performances. United Spirits established the team, which is named after their well-known liquor brand Royal Challenge. The squad has a large fan base, and when it comes to games, the fans are incredibly enthusiastic and dedicated. The team is completely owned by United Spirits Ltd.
Rajasthan Royals
Owners: Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, and RedBird Capital
Rajasthan Royals
This team is known for buying unknown or less popular cricketers who have never played in such events. The management of the Royal Challengers is known to help upcoming cricketers become well-known faces. Most fans adore this quality of their favorite team. The team is owned by five different owners. The owners are Emerging Media, Spinners (Shane Warne), Blue Water Estate Ltd, Tresco International Ltd, RedBird Capital.
Owners: Dabur, Wadia Group, Preity Zinta, and Apeejay Group
Punjab Kings
The franchise is based in Mohali, Punjab, and was previously known as Kings XI Punjab. The squad has a sizable fan base. At the time, the team is owned by four separate entities. The team is owned 46% by Dabur, 23% by Wadia Group, 23% by Preity Zinta and 8% by Apeejay Group.
Sunrisers Hyderabad
Owner: Kalanithi Maran
Sunrisers Hyderabad
The team is based in Hyderabad, Telangana, and debuted in the IPL in 2013. The team was launched in 2012 after the IPL canceled the Hyderabad-based Deccan Chargers. Sunrisers replaced Deccan Chargers due to the bankruptcy of the Deccan Chronicles. Kalanithi Maran of the Sun TV Network owns the new Hyderabad-based team.
Delhi Capitals
Owners: GMR Group and JSW Group
Delhi Capitals
The Delhi Capitals, formerly known as the Delhi Daredevils, first competed in the IPL in 2021. The squad has always been chastised by its fans for its dismal performance in previous competitions prior to the name change. However, they have done well in the previous two tournaments. They put up a fantastic show and finished at the top spots of the point table. GMR Group owns half of the corporation, while JSW Group owns the other half.
The Ahmedabad, Gujarat-based team, which was founded in 2021, will compete in its debut tournament this year. Hardik Pandya will head the team, which will be coached by Ashish Nehra. The franchise is owned by CVC Capital, and the fans are thrilled to have a new team to look forward to.
Lucknow Super Giants
Owner: RPSG Ventures Ltd.
Lucknow Super Giants
The team was created in 2021, and its debut event will be held in 2022. It’s a team from Lucknow, Uttar Pradesh. KL Rahul is the captain this year, while Andy Flower is the team coach. The team is owned by RPSG Ventures Ltd. The supporters are ecstatic to have a new team to support.
Conclusion
The Indian Premier League, or IPL, is one of the country’s most popular cricket tournaments, with a large fan following. Teams are worth millions of dollars to companies and businesses. The better the players, the better the team and the higher the brand value, which is why the owners take the bidding process seriously and attempt to acquire as many strong players as possible. The auction is always exciting to watch, and fans are eager to see which players are assigned to which teams.
FAQs
Who has scored the fastest 50 in IPL?
KL Rahul has scored the fastest 50 in 2018. He faced 14 balls and made 51 runs.
Why did CSK leave the IPL for 2 years?
The team was suspended from the IPL for two years beginning in July 2015 owing to their owners’ participation in the 2013 IPL betting case.
Is IPL under the BCCI?
Yes, IPL was founded by the BCCI in 2007.
Who is the owner of Mumbai Indians IPL team?
Mumbai Indians IPL Team is owned by Reliance Industries group – Mukesh Ambani, Nita Ambani along with son Akash Ambani.
Which IPL team has the highest brand value?
Chennai Super Kings has the highest brand value with the highest fan following.
Who is the richest IPL Team owner?
Mukesh Ambani is the richest IPL Team owner who owns Mumbai Indians IPL Team.
