The IPG Group is the current owner and rights holder of the Lanka Premier League (LPL).
Understanding LPL Ownership and Stakeholders
The Lanka Premier League (LPL) is a premier Twenty20 cricket league in Sri Lanka. Its overall management, commercial rights, and operational framework are overseen by a dedicated entity.
- Primary Rights Holder and Owner:
- The IPG Group holds the exclusive rights for the Lanka Premier League.
- This group is founded and led by its Chief Executive Officer (CEO), Anil Mohan, who plays a pivotal role in the league's development and administration. The IPG Group is responsible for the league's strategic direction, broadcast rights, and sponsorship deals, essentially acting as the league's central governing body.
Distinguishing League Ownership from Team Ownership
It's important to differentiate between the ownership of the entire league and the ownership of individual teams participating within it. While the IPG Group owns the league's rights, various entities acquire ownership of specific franchises (teams) that compete in the LPL.
- Team Ownership:
- An example of a recent development in team ownership includes the Imperial Sports Group.
- Led by Bangladeshi entrepreneurs Tamim Rahman and Golam Rakib, the Imperial Sports Group has been welcomed as a new owner of an LPL team. This signifies investment by external groups into the league's franchises, contributing to the league's financial stability and competitive balance.
This layered ownership model ensures that the LPL benefits from a central governing body that maintains the league's integrity and a diverse range of private investments that support the individual teams and their operations.
