Latest News, Updates & Breaking Headlines
File photo of IPL franchise Rajasthan Royals. The majority stake in Rajasthan Royals was acquired by industrialist Lakshmi N. Mittal, his son Aditya Mittal and Adar Poonawalla in a deal valued at USD 1.65 billion. The transaction represents the enterprise value of the Royals’ men’s franchise as well as the associated teams Paarl Royals and…
NEW DELHI: As IPL 2026 nears, a major off-field development has taken centre stage, with Rajasthan Royals, the champions of the inaugural edition of the Indian Premier League (IPL), being acquired for a massive $1.63 billion by a consortium led by US-based entrepreneur Kal Somani. Despite the scale of the deal, the ownership transition will…
A consortium led by US-based entrepreneur Kal Somani has won the bid to own the Rajasthan Royals franchise. Somani has led enterprises in ed-tech, data privacy, AI governance and sports tech. Somani is the founder of global giants such as IntraEdge, Truyo, Truyo.AI and Academian.Somani is being backed by American business Rob Walton, of the…
