Rajasthan Royals Acquisition

Mittal Family and Adar Poonawala acquire RR for about $1.65 billion

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Mittal Family and Adar Poonawala acquire RR for about $1.65 billion

File photo of IPL franchise Rajasthan Royals. A consortium of Lakshmi N Mittal, Aditya Mittal and Adar Pooonawala has acquired intense pulsed light franchise rajasthan royals The company acquired its sister entities (Paarl Royals and Barbados Royals) for about $1.65 billion, TOI has learned. A press release is expected soon.Subject to regulatory clearances including BCCI, … Read more

Who is Carl Somani? US entrepreneur leads US$1.63 billion RR acquisition

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Who is Carl Somani? US entrepreneur leads US$1.63 billion RR acquisition

New Delhi: As the 2026 IPL season is about to kick off, the biggest news on the field is the $1.63 billion (£1.2 billion) acquisition of Rajasthan Royals by a consortium headed by American entrepreneur Kal Somani. While Somani has been a minority investor in the one-time IPL-winning franchise since 2021, the move marks a … Read more