Brief by Shorts91 Newsdesk / 04:44pm on 24 Mar 2026,Tuesday Sports
A US-led consortium headed by Kal Somani has acquired a majority stake in Rajasthan Royals for $1.63 billion (Rs 15,000 crore), setting a new valuation benchmark in the Indian Premier League. Backed by investors including Rob Walton, the deal marks a major private equity push into Indian sports. The sale, overseen by Raine Group, outbid rival consortiums. With this benchmark, Royal Challengers Bengaluru valuations are expected to exceed $2 billion amid intense bidding. Ownership transfer follows IPL 2026. Meanwhile, Rajasthan Royals, led by Riyan Parag, remain focused on their upcoming season opener. (PC: X)
