In a significant development for global sports investment, Rajasthan Royals has been acquired by a consortium led by industrialist Lakshmi Mittal and business leader Adar Poonawalla, valuing the franchise at approximately Rs. 15,660 crore (US $1.65 billion). The transaction also includes stakes in Paarl Royals and Barbados Royals. Existing stakeholder Manoj Badale remains part of the ownership group, ensuring operational continuity while ushering in a new phase of capital expansion and strategic growth.
