In 2008, Red Chillies acquired ownership rights for the franchise representing Kolkata in the Twenty20 cricket tournament Indian Premier League, for a price of US$75.09 million, and have since named the team Kolkata Knight Riders. KKR is the richest team in the IPL and it has been ranked as the most valued with a brand value of $42.1 million. Financially, the KKR are the most profitable and successful franchise in the IPL as well. The home of the Kolkata Knight Riders is Eden Gardens, the largest and most iconic cricket stadium in India. It is also one of the largest stadiums in Asia.