Mukesh Ambani becomes the World's Richest Sports Team owner

The value of professional sports has risen meteorically over the years with the franchise based teams dominating the proceedings over the years. While Football and Basketball were leading in this case for a lot of years, Cricket has also jumped in the race since the inception of Indian Premier League (IPL) in 2008. The tournament revolutionised cricket dramatically with as many 8 franchises owning their respective teams. However, the owner of Mumbai Indians Mukesh Ambani has become the World’s Richest Sports Team owner.

Forbes tracked the world’s richest people for more than 30 years recently as they found a record 2,208 billionaires this time around. As far as the richest sports team owners are concerned, former Microsoft CEO Steve Ballmer has been at the helm over the past three years. He bought the Los Angeles Clippers for $2 billion in 2000. But he has been trumped by Mukesh Ambani now who owns the Mumbai Indians franchise ever since its inception.

Mumbai Indians’ journey in IPL

Mumbai Indians has been one of the most celebrated and followed teams in the history of IPL. Also, Sachin Tendulkar being with the franchise as their icon player right from the first season has helped them garner a lot of attention. Though they failed to come to terms with the demands of T20 cricket in the first two editions of the tournament after which Mumbai Indians have been on a role.

They won the coveted title for the first time in 2013 under the leadership of Rohit Sharma who was handed over the captaincy midway through the tournament by Ricky Ponting. Ever since then, the team has gelled well together and have qualified for the playoffs every season even winning the IPL title in 2015 and 2017. They are the only team to win the tournament thrice in last 10 years and will be eyeing to win it for the record fourth time this time around.

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