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Punjab Kings (PBKS), formerly Kings XI Punjab (KXIP), is a professional franchise cricket team based in Mullanpur, Mohali, Punjab, that plays in the Indian Premier League (IPL). The franchise is jointly owned by Mohit Burman , Ness Wadia , Preity Zinta and Karan Paul .
In 2008, along with actress Preity Zinta and businessman Mohit Burman, Wadia acquired ownership rights for the Mohali-based Twenty20 cricket team of the Indian Premier League (IPL). [7] The group paid $76 million to acquire the franchise, and named the team Kings XI (Eleven) Punjab, later on changed to Punjab Kings. [8]
Punjab Kings, formerly called Kings XI Punjab (KXIP), is a franchise cricket team based in Mohali, Punjab in India, and is one of the teams participating in the Indian Premier League (IPL). KXIP was founded in 2008. [1]
The Punjab Kings' catchment areas are Kashmir, Jammu, Himachal Pradesh, Punjab and Haryana, also evident from the letter sequence "K J H P H" in the banner of the team's logo. [1] [2] Apart from finishing runners-up in the 2014 season when they also topped the league table, the team has made only one other playoff appearance in fifteen seasons.
Mohit Burman is an Indian businessman. He is the chairman of Dabur, an Ayurvedic and FMCG company. [3] A fifth-generation scion of the Burman family, he also led the family's acquisition of a majority stake in dry cell battery maker Eveready Industries India [4] and the family's entry into the life insurance sector through Aviva India.
The group paid $76 million for the franchise and named the team Kings XI Punjab (it was renamed Punjab Kings in 2021). [210] Until 2009, Zinta was the only woman to own an IPL team, and was the league's youngest owner. [211] She has been involved with launching ticket sales and promoting the team.
The sale was made official in 1964, and Ford remained the team’s only owner until he passed away in 2014, when his wife, Martha Firestone Ford, assumed ownership. She passed principal ownership ...
He is the co-owner of the Punjab Kings (PBKS) team of the Indian Premier League (IPL) [52] along with Preity Zinta, Ness Wadia, and Mohit Burman. KXIP is a franchise cricket team with its headquarters in Mohali, Punjab.