The franchise, jointly owned by Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul, have failed to win an IPL title since the event's inaugural edition in 2008.
In the tournament's 13-year history, they were runners-up once and achieved a third-place finish on another occasion. The next IPL is set to start in the second week of April, with the auction slated for Thursday.

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