The new IPL franchise owned by the RP Sanjiv Goenka Group has named their team "Lucknow Super Giants". It is a diversified Indian business group that has bought the team for a record sum of INR 7090 crore (USD 940 million approx.) in October last year.
Last week Sanjiv Goenka, the owner of Lucknow Super Giants, announced that KL Rahul would be the captain of the new franchise. The Lucknow Super Giants bought Rahul for INR 17 crore (USD 2.28 million approx.), the joint-highest fee paid to a player in IPL.