The Mumbai franchise was sold to the Reliance Industries Ltd, Mukesh Ambani & Nita Ambani for $111.9 million. And making it the most expensive team to be sold in the IPL. The franchise was eventually named “Mumbai Indians”.
Mukesh Ambani is the chairman and managing director of Reliance Industries Limited. Nita Ambani is the chairperson and founder of the Reliance Foundation and a non-executive director of Reliance Industries. Nita Ambani is married to Reliance Industries chairman and managing director, Mukesh Ambani.
The Kolkata franchise was sold to (bollywood actor) Shah Rukh Khan & Juhi Chawla (bollywood actress) for $75.09 million (Rs 520 crore). Shah Rukh Khan’s company ‘Red Chillies Entertainment’ in partnership with actress Juhi Chawla and her husband Jay Mehta (Mehta Group).
Tom Moody is an Australian cricket coach, commentator and former international cricketer. Tom Moody is currently the coach for the team Sunrisers Hyderabad in the IPL.
In December 2012, it was announced that Tom Moody would coach of Sunrisers Hyderabad team in IPL.
Amrit Thomas is the Chief Marketing Officer of United Spirits Limited. United Spirits Limited is an Indian alcoholic beverages company and the world’s second-largest spirits company by volume.
In light of financial scandals involving owner/chairman Vijay Mallya, Amrit Thomas became the chairman of the Royal Challengers.
The Chennai franchise was sold to the India Cements for $91 million. It making it the 4th most expensive team in the IPL behind Mumbai, Bangalore and Hyderabad.
India Cements Limited is a cement manufacturing company in India. It was established in 1946 by S. N. N. Sankaralinga Iyer. It has 7 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh, Rajasthan and Maharashtra.
The company is headed by former International Cricket Council chairman, N. Srinivasan. He is also the managing director of India Cements Limited. N. Srinivasan is a former Chairman of the International Cricket Council (ICC) and former President of the BCCI.
The Hyderabad franchise was sold to the Kalanithi Maran (SUN Group) for $12 million (Rs 83 crore). Kalanithi Maran is the chairman and founder of the Sun Group.
He owns television channels, newspapers, weeklies, FM Radio stations and a movie production house.
The Punjab franchise was sold to the KPH Dream Cricket Private Limited, Dabur Group’s Mohit Burman (46%), the Wadia group’s Ness Wadia (23%), Preity Zinta (23%) and Saptarshi Dey of the Dey & Dey Group (8%) for $76 million (Rs 525 crore).
Paddy Upton is a South African. Paddy Upton was Head Coach of Rajasthan Royals for 3 seasons (2013-2015). In 2018 IPL, he was appointed as Head Coach in 2018 of Rajasthan Royals.
Under his coaching, the Rajasthan Royals team to IPL Semi-finalists and Champions League finalists in Paddy Upton’s first season (2013).
He also head coach of Delhi Daredevils for two seasons (2016-2017) in the IPL. Paddy Upton was Head Coach of Pune Warriors in 2012.
Stephen Fleming is a New Zealand former cricketer. Stephen Fleming was appointed as Coach of the Chennai Super Kings in 2009.
He coached Chennai Super Kings for 6 years (2009-2015) before it got suspended from IPL for 2 years. In 2016 IPL, he became the coach of Rising Pune Supergiants. In 2018 IPL, Stephen Fleming returned as Coach of Chennai Super Kings after the 2 years suspension.
Stephen Fleming played for the Chennai Super Kings team in the 2008 IPL. He played 10 matches and scored 196 runs with a highest score of 45.