Rajasthan Royals sold for $1.65 billion to Mittal family, Adar Poonawalla after Kal Somani's deal collapse ...Middle East

RR's existing owner, Manoj Badale, will lead a group of investors that will hold 7% stakes in the inaugural champions.

Rajasthan Royals sold to new owners for the second time this year

Break:Rajasthan Royals has been acquired by a consortium of Mittal Family (UK), Adar Poonawala (Serum Institute) & Manoj Badale-led existing investors.The transaction is pegged at US$1.65b.The earlier deal involving Kal Somani, Walton & Hamp Families had not worked out.+

— KSR (@KShriniwasRao) May 3, 2026

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