KXIP co-owner Mohit Burman declares team owners have recovered their investments

Kings XI Punjab (KXIP) was one of eight franchises that kick-started Indian Premier League (IPL) tournament back in 2008. After more than a dece, franchise has finally recovered its investments, as per a statement from KXIP co-owner Mohit Burman. Burman confirmed same while commenting on ir Fiscal Year 2020 financials.

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KXIP owners recover investments just ahe of IPL 2021 auction

Earlier, KXIP holding entity K.P.H Dreams Cricket Private Limited reported that franchise revenues for Fiscal Year 2020 saw a 43 per cent drop due to a decline in Central Revenues. Despite drop, Mohit Burman said that KXIP owners have recovered ir investments “finally after a dece” and y are thankful to ir sponsors and or partners who stood by m. He revealed that revenue split between central pool and franchise sponsorship was 80:20.

IPL 2021 auction

KXIP franchise will w look forward to IPL 2021 auction in a bid to prepare mselves for upcoming edition of tournament. Interestingly, franchise has biggest available purse among all participants as y will he into auction with ₹53.20 crore remaining in ir bank. Here is a look at purses of all IPL 2021 teams.

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KXIP list of released players 2021

KXIP franchise released as many as nine players from ir squ of previous edition. Glenn Maxwell and Sheldon Cottrell were among ir biggest players to be released as y both grabbed helines during IPL 2020 auction back in December 2019. Here is look at entire KXIP list of released players for much-awaited IPL 2021 season.

Glenn Maxwell, Sheldon Cottrell, Mujeeb Zran, Hardus Viljoen, James Neesham, Krishnappa Gowtham, Karun Nair, Jageesha Suchith and Tejinder Singh Dhillon.

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KXIP squ for IPL 2021 season

Released players aside, KXIP team manment retained 16 of ir players including skipper KL Rahul and star attractions Chris Gayle, Nicholas Pooran and Mohamm Shami. Here is a list of all 16 of KXIP retained players.

KL Rahul (c), Chris Gayle, Mayank Agarwal, Nicholas Pooran, Mandeep Singh, Sarfaraz Khan, Deepak Hooda, Prabhsimran Singh, Mohammed Shami, Chris Jordan, Darshan Nalkande, Ravi Bishi, Murugan Ashwin, Arshdeep Singh, Harpreet Brar and Ishan Porel.

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Im source: IPLT20.COM