Rajasthan Royals team was sold for the second time within one and a half months, this big businessman bought it, for how much was the deal done?

Rajasthan Royals New Owner: Rajasthan Royals, which is performing brilliantly in IPL 2026, has been sold for the second time within one and a half months. Famous businessman Lakshmi N Mittal and her son Aditya Mittal along with Adar Poonawala have bought Rajasthan Royals. Adar Poonawala and Mittal have signed this deal for US $ 1.65 billion. The consortium of American-born businessman Kal Somani withdrew from the race, after which this deal was made by Poonawala and Mittal.
Approval is yet to be received from BCCI

The deal also adds the Rajasthan Royals franchise to other leagues including the Paarl Royals and Barbados Royals teams. This deal will be completed when it is approved by the Board of Control for Cricket in India (BCCI), CCI and IPL Apex Council meeting. It is believed that this agreement can be completed in the third quarter of 2026.

Sold for the second time within one and a half months

Let us tell you that earlier, the Somani-led American consortium had offered US $ 1.63 billion (about Rs 15290 crore) for Rajasthan Royals, but according to reports, it could not pass the proper due diligence process due to several issues. The Mittal family issued a statement saying, Lakshmi N Mittal and Aditya Mittal have today announced that they have agreed to acquire Rajasthan Royals from Manoj Badale and his group along with Adar Poonawala.

Mittal family will retain 75 percent stake

According to a statement issued by the Mittal family, the Mittal family will take approximately 75 percent stake in Rajasthan Royals, while Adar Poonawala will hold 18 percent. The remaining seven percent will be retained by existing investors, including Manoj Badale. Lakshmi N in the new board of Rajasthan Royals. Mittal, Aditya Mittal, Vanisha Mittal-Bhatia, Adar Poonawala and Badale.

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Let us tell you that apart from Rajasthan Royals IPL team, it also owns Paarl Royals in South Africa T20 League and Barbados Royals in West Indies. Lakshmi N Mittal, born in Sadulpur, North Rajasthan, said, I love cricket and my family is from Rajasthan, so in IPL I would like to be a part of Rajasthan Royals rather than any other team.