Rajasthan Royals Sold for a Whopping $1.63 Billion: What This Means for IPL
Rajasthan Royals Changes Hands
New Delhi: The Rajasthan Royals, the first champions of the Indian Premier League (IPL), have been acquired by a consortium led by Kal Somani for an impressive USD 1.63 billion, according to various reports.
Famed commentator Harsha Bhogle took to X to announce, "Rajasthan Royals is sold for 1.63 billion USD. For context, London Spirit, the priciest team, was valued at USD 370 million during a stake sale in The 100."
So @rajasthanroyals is sold for 1.63 billion USD. Purely for comparison, #LondonSpirit, the most expensive team, was valued at 370 million USD when there was a stake sale in The 100.
— Harsha Bhogle (@bhogleharsha) March 24, 2026
Somani, an entrepreneur based in the US, has previously held a minority stake in the Rajasthan Royals. With over 15 years of experience, he has established ventures in ed-tech, data privacy, AI governance, and sports technology. His sports-related endeavors also include co-owning Motor City Golf Club and investing in TMRW Sports and the TGL Golf League.
Reports indicate that the agreement has been finalized and is set to be completed following the conclusion of the 2026 IPL season. The consortium is also supported by Rob Walton from the Walmart family and the Hamp family, who own the Detroit Lions. Sheila Ford Hamp, a member of the Ford family, is also part of this group.
Additionally, it has been reported that the Royal Challengers Bengaluru (RCB), the reigning champions, are also on the market, with negotiations nearing completion. Interested parties include a consortium comprising Blackstone, Aditya Birla Group, and David Blitzer, as well as a Manipal Consortium led by Ranjan Pai, which includes Kohlberg Kravis Roberts and Temasek, along with Swedish private equity firm EQT.
Earlier reports from State of Play revealed that nine bidders have shown interest in RCB, with offers ranging from USD 1 billion to USD 1.8 billion. The Glazer brothers, owners of Manchester United, are among the top bidders for the franchise.
In January, pharmaceutical magnate Adar Poonawalla expressed his intention to make a 'strong and competitive' bid for RCB.