RPSG Ventures has announced that Sudhir Langer will step down as Whole-time Director and from the company’s board. His resignation will take effect on March 31. The timing is hard to miss.
The IPL 2026 season is set to begin on March 28, making this a significant leadership change right before the tournament starts. RPSG Ventures is the parent company behind Lucknow Super Giants.
Stake Sale Buzz Around Lucknow Super Giants
Langer’s exit comes at a time when reports suggest the RP-SG Group, led by Sanjiv Goenka, may be looking to sell a minority stake in the franchise.
According to a Moneycontrol report, the group is exploring options to offload up to 15% of its stake in LSG. No official confirmation has been made so far.
The RP-SG Group had bought the Lucknow franchise in November 2021 for Rs 7,090 crore, making it one of the most expensive teams in the IPL.
The franchise operates under RPSG Sports Private Limited. The group also carries an annual franchise fee obligation of Rs 709 crore, payable through FY31.
How is LSG Doing Financially?
The franchise relies heavily on central revenue from the BCCI. Here is a snapshot of LSG’s recent financial performance:
| Metric | Figure |
|---|---|
| BCCI franchise rights income (H1 FY26) | Rs 399 crore |
| BCCI franchise rights income (FY25) | Rs 458 crore |
| Total revenue (H1 FY26) | Rs 495.9 crore |
| Profit (H1 FY26) | Rs 63.7 crore |
| Total revenue (FY25) | Rs 557 crore |
| Annual franchise fee obligation | Rs 709 crore (through FY31) |
FY25 was not the best year for LSG on the financial front. Revenue dropped by around 20% to Rs 557 crore, mainly because of fewer matches and a lower league finish in the 2024 season.
Growth in H1 FY26 was also modest, with revenues rising by just about 3% year on year. BCCI’s central revenue distribution remains the single largest contributor to the franchise’s income.
