Kings XI Punjab CEO Anil Srivatsa on Friday Said “Most IPL teams have not made any Profit from IPL (Indian Premiere League) and Kings XI Punjab is one from them. Sponsors have made investments in Kings XI Punjab and it will take time to reap the benefits”

Anil Srivatsa also added “The Franchisee cost of Rs. 350 Crores (USD76 million ) which they had committed to BCCI for Kings XI Punjab for time span of Ten years , and are expecting break even Point by 2011″. According to Srivatsa, Shifting of venues of matches to South Africa increased the cost burden as most of the sponsors were not interested to sponsor matches in South Africa.

Kings XI Punjab Senior vice-president Arivnder Singh said ” We are spending 70-80 crores on Marketing each year and paying 30-31 crores to our players. We are doing negotiation with 7-8 companies from FMCG and Telecom sectors to sign up the sponsorships for IPL this year”.

KXIP, is owned by Bollywood actress Preity Zinta and industrialist Ness Wadia, and current Sponsors of Team are Fly Emirates, Pepsi, Gulf oil, Reebok and UB.

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