Mittal family, Adar Poonawalla acquire Rajasthan Royals in $1.65 billion deal
Lakshmi N Mittal and family, along with Adar Poonawalla, have agreed a $1.65 billion deal to acquire Rajasthan Royals, one of the founding franchises of the Indian Premier League.
The Mittal family will hold around 75 percent of the franchise, while Poonawalla will own nearly 18 percent. Existing investor Manoj Badale will retain a minority stake and join the board.
The valuation includes the Royals’ associated teams — Paarl Royals in South Africa and Barbados Royals in the Caribbean. Rajasthan Royals, IPL’s inaugural champions in 2008 under Shane Warne, are entering a new ownership era.
Edinburgh Castle Rockers produced another impressive all-round performance to defeat Rotterdam Dockers by 55 runs…
India’s top-ranked men’s doubles pair Satwiksairaj Rankireddy and Chirag Shetty reached the China Masters final…
India produced a stunning bowling performance to crush Pakistan by seven wickets in the 2026…
Top seed and two-time defending champion Aryna Sabalenka defeated Kamilla Rakhimova 6-3, 6-4 to reach…
Belfast Wolves produced a powerful batting display and held their nerve with the ball to…
Lhuan-dre Pretorius smashed his maiden T20I century as South Africa defeated Namibia by 11 runs…