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Big deal before IPL 2026! Rajasthan Royals sold for a whopping 15,000 crores; Who is the new owner of the team?

By Samira Vishwas

 

  • Big deal before IPL 2026!
  • 15,000 crore sale of Rajasthan Royals
  • Who is the new owner of the team?

Rajasthan Royals Sold News: in the history of IPL The largest transaction has come to light, in which an American businessman ‘Rajasthan Royals’ The franchise was purchased at a record price. According to the information received, this transaction has been fixed at an amount of more than Rs 15,000 crore, and this development has created a lot of excitement in the cricket world. In particular, US-based entrepreneur ‘Kal Somani’, in association with a large investor group (consortium), bought Rajasthan Royals for approximately $1.63 billion which roughly equates to Rs 15,300 crore. The investor group is also said to be backed by the ‘Walton family’ (of Walmart fame) and the ‘Hamp family’.

Biggest transaction of IPL

The purchase is being touted as the biggest deal involving a franchise in the history of IPL so far. Earlier, ‘Torrent Group’ acquired 67% stake in ‘Gujarat Titans’ for approximately Rs 5,025 crore; Due to which the total value of that franchise was roughly estimated at Rs 7,500 crore. In comparison, this deal for Rajasthan Royals proved to be more than double in terms of value.

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According to sources, the deal will officially take effect after the conclusion of the 2026 IPL season. Currently, the team is spearheaded by British-Indian businessman Manoj Badale; His company ‘Emerging Media Ventures’ owns approximately 65% ​​of the team. Additionally, renowned investors like ‘Redbird Capital Partners’ and ‘Lachlan Murdoch’ are also involved in the team’s ownership structure. The ‘Rajasthan Royals’ team, who became the first IPL champions, recorded a memorable performance in the 2022 season as well, reaching the finals. Currently, this team is captained by ‘Ryan Parag’ and former Sri Lankan legend ‘Kumar Sangakkara’ has been entrusted with the responsibility of training.

Who is Kal Somani?

Kal Somani is a highly successful businessman based in Scottsdale, Arizona, USA. He has over 15 years of work experience in the fields of technology, data privacy, artificial intelligence (AI) and sports technology. They also have a keen and deep interest in sports (even in the field of sports). He is the co-owner of ‘Motor City Golf Club’; He has also played a role as an investor in projects like ‘TMRW Sports’ and ‘TGL Golf League’. Interestingly, Somani is linked with ‘Rajasthan Royals’ from 2021 onwards; And now, he has taken a significant step towards taking over the reins of the team by acquiring full ownership of the team. This transaction clearly shows that the brand value of ‘IPL’ is continuously reaching new heights and more global investment can be expected in the near future.

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Samira Vishwas 417 posts 0 comments
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