KPH Dream Cricket Private Limited, the consortium that owns Kings XI Punjab, has purchased the Caribbean Premier League team St Lucia Zouks.
They become the second set of IPL owners to currently run a CPL team, alongside Red Chillies Entertainment, who own both Kolkata Knight Riders and Trinbago Knight Riders. Previously, Vijay Mallya owned both Royal Challengers Bangalore and Barbados Tridents.
Mohit Burman, one of the Zouks' new co-owners, said: "We are excited at the opportunity to invest in one of the most exciting sporting tournaments in the world, and we have been impressed by the vibrancy of CPL over the last seven years.
Read more at ESPNcricinfo
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