K.P.H. Dream Cricket Private Limited, owners of Kings XI Punjab, has purchased the Caribbean Premier League side St Lucia Zouks.
This makes them second Indian Premier League club to own a T20 franchise in the West Indies following in the footsteps of Red Chillies Entertainment, who own Kolkata Knight Riders and Trinbago Knight Riders.
In the past, Indian investor Vijay Mallya has been the owner of both Barbados Tridents and Royal Challengers Bangalore.
“We are excited at the opportunity to invest in one of the most exciting sporting tournaments in the world, and we have been impressed by the vibrancy of CPL over the last seven years. We visualise taking the franchise to the next level and showcasing St Lucia in the best possible light over the coming years," KXIP co-owner Mohit Burman said in a media release.
The Darren Sammy-led St Lucia Zouks have been the perpetual underperformers since the inception of the league, failing to clinch the CPL title in several attempts.
They finished second-last in the 2019 season, managing to claim just three wins in 10 games.
“We are hugely excited to welcome this ownership team to the CPL family and we are looking forward to seeing where they take the Zouks during the upcoming season and beyond. They bring with them a wealth of experience which is fantastic news for both the CPL and St Lucia as a whole," CPL Chief Operating Officer Pete Russell said.
The next edition of the CPL will commence on August 19 and will run till September 26.