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.

KXIP co-owners Preity Zinta and Ness Wadia.

Poll

Who will win the Punjab Elections?

BJP 32.86%

AAP 41.43%

INC 25.71%

Submit

View All In Poll

Asked what was in store for them, Wadia said, "We had a good couple of years initially. The last two years were not very good. I think this year should be better, overall. "We also had a litigation with the BCCI and that's been a shadow. Hopefully, the arbitration will come to an end soon and we will be able to cope up and build the team."

Wadia had come to watch IPL match played between his team and the Mumbai Indians here yesterday. BCCI had earlier terminated the contracts of KXIP and Rajasthan Royals, alleging that they had breached the agreement by changing shareholding pattern without the Board's consent, forcing the two franchisees to move the court.

Wadia said they were still "waiting for arbitration."

Asked if the current status affects the team or the management, Wadia said, "There is no affect on the management." He though admitted the affect was more as owners per se. "You know we have to go through arbitration and its an issue of time. Financially, it has a cost," Wadia told PTI here.

Wadia, meanwhile, dismissed the claims of selling his stake in the franchise as "baseless rumours".u00a0