Sahara India and Jaypee Group had earlier bought the franchisees for Lucknow and Punjab respectively and Ranchi will be the third of the six franchisees to compete in Hockey India League (HIL) to be held from January 2013.
“We are pleased to welcome the Patel-Uniexcel Group on board,” said HI secretary-general Narinder Batra.
Patel-Uniexcel is a conglomeration of the Bangalore-based Patel Group and the Chinese Taipei-based Uniexcel Group, and is headed by chairman Suresh Kumar Chauhan.
“I am very delighted that we have got the Ranchi franchise as I come from Kolkata and always carry very strong feelings for eastern India,” said Chauhan.
The chief executive officer of the franchise is Banti Singh, who hails from Kolkata and is a former national hockey player.