Punjab Kings (PBKS) are a franchise cricket team based in Mohali, Punjab, that plays in the Indian Premier League (IPL). Established in 2008 as the Kings XI Punjab (KXIP), the franchise is jointly owned by Mohit Burman, Ness Wadia, Preity Zinta and Karan Paul. The team plays its home matches at the PCA Stadium, Mohali. Since 2010, they also have been playing some of their home games at either Dharamsala or Indore. Apart from the 2014 season when they topped the league table and finished runners-up, the team has made only one other playoff appearance in 13 seasons. The Punjab Kings played in the now-defunct Champions League Twenty20 once, in 2014 as the Kings XI Punjab and finished as semi-finalists. The team name was changed to Punjab Kings in February 2021.