Kings XI Punjab

The Kings XI Punjab (abbreviated as KXIP) are a franchise cricket team based in Mohali, Punjab, that plays in the Indian Premier League. The team is jointly owned by leading Bollywood actress Preity Zinta, Wadia Group scion Ness Wadia, Dabur’s Mohit Burman and Karan Paul. The team plays its home matches at the PCA Stadium, Mohali. Since the 2010 IPL, they have been playing some of their home games at Dharamsala as well. The team holds the record for the longest winning streak in IPL.

History

In 2008, Board of Control for Cricket in India (BCCI) created the cricket tournament Indian Premier League based on the Twenty20 format of the game. Franchises for eight cities were made available in an auction held in Mumbai on 20 February. The team representing Punjab was bought by the Dabur group's Mohit Burman (46%), the Wadia group's Ness Wadia (23%), Preity Zinta (23%), and Karan Paul of the Apeejay Surendera Group (minor stake). The group paid a total of $76 million to acquire the franchise. On 10 October 2010 the franchise agreements for the Kings XI Punjab and the Rajasthan Royals were terminated by the league, but the termination was repealed.