The newly formed Hockey India League has become the richest field hockey league in the world before even a game has been played. Launched in November 2012 by Hockey India, the country’s governing body for field hockey, it will feature five teams (the Mumbai Magicians, the Punjab Warriors, the UP Wizards, the Ranchi Rhinos and the Delhi Waveriders). Most international hockey stars will be participating in the month long league, including world class talent from Australia, Germany, the Netherlands, Pakistan and England.
The Mumbai Magicians are owned by the Burman family, who also own one of India’s largest consumer products companies, Dabur India. The family also has interests in the insurance and healthcare industries in india, and also run a small growth capital fund. The Punjab Warriors are owned by Jaiprakash Associates, an infrastructure focused firm. The Wave Group has acquired the New Delhi team (hence the name Delhi WaveRiders). Subroto Roy’s Sahara Group owns the UP WIzards, and a company called Patel-Uniexcel has paid for the Ranchi Rhinos. The games start on Jan 14, 2013.