Big information came out about Rajasthan Royals during IPL 2026. Now the franchise has got new owners. The Mittal family, known as the Kings of Steel, has taken 75% of Rajasthan Royals in its name. Apart from this, Adar Poonawala, owner of Serum Institute of India, has taken about 18 percent stake in his name.

Lakshmi N Mittal and Aditya Mittal and Adar Poonawala have taken about 93 percent stake in the team. The remaining 7% shares will remain with the current owner Manoj Badale and others. An agreement has been reached regarding this deal. Manoj Badale, the old owner of the franchise, will remain associated with the team. He will act as a link to the past and future for the team.

How much was the deal done for?

According to media reports, this deal has been done for about 1.65 billion dollars (about Rs 15600 crore). This deal will not be limited only to Rajasthan Royals playing in the Indian Premier League, but it will also include the teams of Paarl Royals of SA20 League in South Africa and Barbados Royals of Caribbean Premier League. Simply put, the ownership rights of these two teams will also go to the new owners.

The deal is yet to be approved

As far as it is known, at present this deal is yet to get the approval of BCCI, Competition Council of India (CCI), IPL Governing Council and other regulatory bodies. It was told that this deal will be completed in the third quarter of the financial year 2026.

The deal has been canceled before

Let us tell you that earlier the US-based consortium led by Somani had made an offer of US$ 1.63 billion, but according to reports, it could not pass the due diligence process due to several issues. In this way the previous deal was canceled and with the new deal the franchise has got new owners.

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Rajasthan Royals New Owner: Rajasthan Royals team has been sold for an amount of US $ 1.63 billion. The consortium led by American businessman Kal Somani has purchased the RR franchise for approximately Rs 15,286 crore. Kal Somani is also the owner of a company named IntraEdge, Academian and Truyo.AI. He is supported by American businessman Rob Walton, who comes from the prestigious Walmart family. According to reports, he has bought the entire 100 percent stake of Rajasthan Royals.

This is the biggest deal in the history of IPL, hence Rajasthan Royals is going to become the most expensive team of the Indian Premier League. After IPL 2026, the management of Rajasthan team will come into the hands of new owners. Let us tell you that Kal Somani has been a shareholder in Rajasthan Royals since the year 2021. Discussions regarding this deal were going on for the last six months.

Talking about Rajasthan Royals team, it will be captained by Riyan Parag in IPL 2026. Sanju Samson, who was the captain of the team last season, has now gone to Chennai Super Kings. Whereas all-rounder Sam Curran is already out due to injury. Along with Curran, Ravindra Jadeja also came to the Rajasthan team due to the Samson trade deal.

Before the deal was finalized, Manoj Badale had the largest stake in the Rajasthan Royals team. Recently Rajasthan Royals received an offer of $1.7 billion from Columbia Pacific Capital Partners, but they rejected the offer due to execution related problems.

Let us tell you that on the other hand, the discussion about the sale of Royal Challengers Bangalore is also in full swing. Since Rajasthan Royals has been sold for more than Rs 15 thousand crores. In such a situation, it is expected that the RCB franchise can easily cross the amount of 2 billion dollars.

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Rajasthan Royals team has now got a new owner. The consortium led by Kal Somani has bought the RR franchise for US $ 1.63 billion. It is being told that Kaal Somani has the support of Walmart Family and Hemp Family. Somani has been a participant in the Rajasthan Royals team since 2021 and he says that he is excited about the future of IPL. But who is Kaal Somani, who has shaken the IPL world with a single deal.

Who is Kaal Somani?

Kaal Somani is a US-based businessman with over 15 years of experience in ad-tech, artificial intelligence, sports technology and data privacy. He lives in the Scottsdale area of ​​the American state of Arizona and is the owner of several companies, of which Truyo.AI is also one.

He has also made significant investments in the field of sports. He is co-owner of Motor City Golf Club. Apart from this, he has also invested in TGF Golf League TMRW Sports.

Now the question arises that with whom has Kal Somani bought the Rajasthan Royals team. He is supported by Rob Walton, who comes from the Walmart family and is also the owner of the NFL’s Denver Broncos team. Rob Walton’s net worth is estimated to be around $110 billion, making him the richest sports personality in America.

Kaal Somani has played a very long game. He had bought stake in Rajasthan Royals in the year 2021. Today after 5 years he has acquired the ownership rights of the team. He is also backed by the Hamp Family, run by Sheila Ford Hamp, who owns the NFL’s Detroit Lions team. Sheela is also a member of the family that runs the Ford Motor Company.

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Lalit Modi, former chairman of the Indian Premier League, wants to buy the Rajasthan Royals franchise. Last year, Rajasthan Royals owner Manoj Badale had confirmed the sale of the team and in January 2026, a bid of US $ 1.3 billion was placed on the RR team. This bid was placed yesterday by Somani, who has been a shareholder in the Rajasthan Royals franchise since 2021.

According to Khel Now, Lalit Modi has formed an association with Somani yesterday. It is being told that Modi and Somani are going to meet all the officials related to the sale of the team on March 16. Let us tell you that after Modi was found guilty of misbehavior, indiscipline and financial irregularities, the Board of Control for Cricket in India (BCCI) had banned him for life.

The Rain Group is overseeing the entire process of sale of Rajasthan Royals team. According to the report, the last date for the sale of RR team has already been fixed as 31st March. Let us also tell you that apart from Modi and Somani, many people have also shown interest in buying the Rajasthan team.

Who showed interest in buying RR?

Aditya Birla Group and David Blitzer have come together and shown interest in purchasing the Rajasthan Royals team. Times Internet Chairman Satyan Gajwani and his partner, Adar Poonawala and his partner, Lalit Modi and Kal Somani, all these people have shown interest in buying the RR team.

Who are the shareholders in RR now?

At present, if we talk about the owners of Rajasthan Royals team, currently 65 percent stake is with Manoj Badale. Red Bird Capital Partners holds 15 percent, Lachlan Murdoch holds 13 percent and the remaining 7 percent is divided among other shareholders.

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Rajasthan Royals New Owner: Rajasthan Royals team, the champion of the first season of the Indian Premier League, might have got a new owner before IPL 2026. Before that there is news that RR franchise is interested in adding Gautam Gambhir to its fold. According to Dainik Jagran, the Rajasthan team wants to include Gautam Gambhir as partner, mentor and CEO. Let us tell you that Gautam Gambhir is currently the head coach of the Indian national cricket team.

According to Dainik Jagran, one of the new owners of Rajasthan Royals has sent a proposal to Gautam Gambhir regarding the above posts. Since Gambhir is currently serving the Indian cricket team as the head coach, hence he cannot join the Rajasthan Royals team while holding this post.

According to the same report, sources related to Gautam Gambhir said that Gambhir has no intention of leaving the post of coach of the Indian team. Also, his aim is to hoist the Indian flag in the 2026 T20 World Cup and 2027 ODI World Cup. Let us tell you that Gambhir will remain the coach of the Indian team till the 2027 ODI World Cup. After that, the 2028 Olympic Games are also to be held in Los Angeles. Since Team India’s record under Gambhir in T20 has been excellent, it will be interesting to see whether Gambhir’s tenure is extended till Olympics 2028 or not.

KKR has been made champion

In 2012 and 2014, Gautam Gambhir made Kolkata Knight Riders the champion as captain. Apart from this, when KKR became IPL champion for the third time in 2024, Gautam Gambhir used to be the mentor of this team. Gambhir was the mentor of Lucknow Super Giants in the 2022 and 2023 seasons. Under his mentorship, LSG had made it to the playoffs both times. Obviously Gambhir’s strategies have been very effective in IPL.

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Rajasthan Royals Sale: Rajasthan Royals team may find a new buyer very soon and may become the most expensive team to be sold in IPL history. In fact, according to a media report, a bid of about 1.3 billion US dollars has been made to buy the RR franchise. The bidder is not an outsider but Kal Somani, who has a stake in the Rajasthan Royals team.

According to a Bloomberg report yesterday, Somani has formed a consortium. This association has offered 1.3 billion US dollars for Rajasthan Royals, which is equivalent to approximately Rs 11,956 crore in Indian currency. Let us tell you that this bid depends on the price of sale of media rights of IPL. The Board of Control for Cricket in India had sold the media rights of the Indian Premier League for 2023-2027 to Jio Hotstar for Rs 44,075 crore.

According to reports, Times Internet Chairman Satyan Gajwani, Blackstone and Carlyle Group have also shown interest in buying the Rajasthan Royals team. Let us tell you that apart from Rajasthan Royals, RCB is also available for sale and its new owner can be announced very soon. Diageo is expected to sell Royal Challengers Bangalore for $2 billion.

Currently, the largest stake in the Rajasthan Royals team is with Manoj Badale, who holds 65 percent shares of the RR franchise. Manoj Badale is the owner of Royals Sports Group. Lachlan Murdoch holds 13 percent and Red Bird Capital holds 15 percent.

Rajasthan Royals became the champion in the first season of IPL i.e. 2008. After that, RR team reached the finals only in the 2022 season, when it was defeated by Gujarat Titans by 7 wickets in the title clash.

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