Brief by Shorts91 Newsdesk / 01:23pm on 24 Mar 2026,Tuesday Sports
Rajasthan Royals have been sold to a US-led consortium for about Rs 15,000 crore, reports said. The deal values the franchise at $1.63 billion and sets a new benchmark in the IPL. The group is led by US entrepreneur Kal Somani and includes global investors. The sale followed weeks of bidding and was handled by an investment bank. Reports said the bid was preferred for its “strategic alignment and financial immediacy.” The ownership change will take effect after IPL 2026. Meanwhile, interest in Royal Challengers Bengaluru has grown, with its valuation expected to cross $2 billion. (PC: India Today)
