2020 season In the inaugural season, Murfad Mustafa was the owner of the franchise. The team was supposed to be coached by former Australian cricketer
Dav Whatmore. However he pulled out ahead of the
2020 Lanka Premier League for personal reasons and was replaced by former English cricketer
Kabir Ali. Kabir Ali was again replaced by
Herschelle Gibbs after he tested positive for
COVID-19.
Angelo Mathews was announced as the icon player and
Andre Russell was named as the marquee foreign player.
2021 season In June 2021,
Sri Lanka Cricket (SLC) terminated the franchise ahead of the
2021 Lanka Premier League, due to financial issues. In November 2021, the team changed its name to Colombo Stars after
Softlogic Holdings PLC took over the ownership of the franchise.
2022 season 2023 season In May 2023, LPL promoter and the chairman of IPG Group told that
Softlogic Holdings PLC had part ways with Colombo Stars with mutual understanding. In May 2023, the team changed its name to Colombo Strikers after SKKY Group took over the ownership.
2024 season 2025 season In April 2025,
Sri Lanka Cricket (SLC) announced that franchise owners had been terminated ahead of the
2025 Lanka Premier League due to their failure to fulfill the obligations of a team owner in the Lanka Premier League. In mid-October 2025, it was announced that the Colombo franchise had been purchased by Witness Sports Alliance LLC, led by Indian entrepreneurs Saranyan Palaniswamy and K.C. Shyam Kangayan, and the franchise was renamed as Colombo Kaps. ==Current squad==