Mohali: Mohali, Apr 26 (PTI) Kings XI Punjab continues to be a loss making venture with the accumulated losses of the company nearing Rs 50-60 crore so far, but the franchisee is hopeful of breaking even this fiscal.
"We've made losses of approximately Rs 50-60 crore in the last four years. This year, hopefully, we will be able to break even. We are working with the IPL and the BCCI," Ness Wadia, co-owner of KXIP, said.
The Punjab franchise is owned by KPH Dream Cricket Private Limited and according to the shareholding pattern in the company, Bollywood actress Preity Zinta and Wadia each have 23 per cent stake, while rest is owned by industrialist Mohit Burman, Karan Paul (Chairman of Apeejay-Surrendra Group), Colway Investment and Root Investment.