Kolkata Knight Riders fetch dividends among IPL teams

dynamitenews.com
Mumbai/ 9 May 2016. The star power of superstar owner Shah Rukh Khan and consistency in recent years have catapulted Indian Premier League team Kolkata Knight Riders into the profit zone even as most other franchises of the Indian Premier League struggle to hit the dirt. Kolkata Knight Riders posted the highest revenues among all IPL teams last year, when it posted 30% growth in revenues and 54% jump in profits. 

KKR is the only team in IPL with consistent profits. Chennai Super Kings and Mumbai Indians, the other two teams to have won the tournament more than once is yet to open up new revenue sources such as merchandising and digital activities. Knight Riders Sports Pvt Ltd, which runs KKR, had revenues of Rs 168.71 crore in 2014-15, the year it won the tournament for a second time. Its profits stood at Rs 14.15 crore, up from Rs 9.19 crore in the previous year.

The only other team to make profit in 2014-15 was Kings XI Punjab, which finished second behind KKR in 2014, with profits of Rs 12.76 crore. Kings XI has a 26% year-on year increase in its revenues. The Indian Premier League has seen a lot of chaos in the past couple of years.