Hockey India today announced that Wave Group, under Gurdeep Singh 'Ponty' Chadha, would own the Delhi franchise in the HIL.
This would be the business group's maiden foray in the world of sports.
Hockey India Secretary-General and HIL Chairman Narinder Batra said the entry of Wave Group into Indian sports augured well for hockey.
"Over the past few weeks when we have been interacting with him, we have seen Mr Ponty Chadha's infectious enthusiasm. We believe that the Delhi franchise is in very good hands," he said.
"We are pleased that we are moving towards establishing Hockey India League as the world