Rajasthan Royals (RR) are reportedly facing major hurdles in their planned $1.635 billion sale, as funding shortfalls and regulatory scrutiny delay the process. The acquisition, led by United States entrepreneur Kal Somani, has stalled, creating uncertainty around the franchise’s future ownership in the IPL.
The transaction involves a full buyout valued at $1.635 billion (INR 15,322 crore) and was expected to conclude after the IPL 2026 season. The consortium includes investors such as Rob Walton and Sheila Ford Hamp, but currently lacks firm financial commitments and confirmed funding backing.
Harsh Goenka highlighted the precarious situation around the ongoing acquisition on social media. Responding to these developments, Gaurav Gupta revealed that the transaction has remained incomplete since late March, based on insider information.
"Rajasthan Royal deal in serious hot waters! Will the old buyers get their act together or a new buyer will emerge soon?"
A source in @rajasthanroyalshad told me on March 24 that the deal wasn't done! t.co/AvIr8Pwkn1
— Gaurav Gupta (@toi_gauravG) May 3, 2026"A source in @rajasthanroyals had told me on March 24 that the deal wasn't done!"
Rajasthan Royals have emerged as strong contenders in IPL 2026. They are at fourth place with 12 points from nine matches. Under the leadership of Riyan Parag, the team has relied heavily on an attacking batting approach to stay competitive in the tournament.
15-year-old Vaibhav Sooryavanshi has scored 404 runs, including a 36-ball century - the second fastest - along with two 15-ball fifties. Yashasvi Jaiswal has added 312 runs, while Dhruv Jurel has contributed 290 runs. With the ball, Ravindra Jadeja has played an important role, taking seven wickets.
Board of Control for Cricket in India Scrutiny Delays Acquisition
The proposed $1.635 billion takeover of Rajasthan Royals has slowed due to funding gaps and regulatory checks. The Board of Control for Cricket in India flagged concerns during due diligence, especially around past ownership structures and consortium details, adding further delays to the approval process.
Kal Somani has approached several large investment firms to secure capital, but firm commitments have not materialized so far. This lack of confirmed funding has pushed back timelines, leaving the high-value deal incomplete even after months of negotiations.
With uncertainty growing, current promoters have started talks with alternative investors to secure immediate funding. Reports indicate that the family of Lakshmi Mittal, led by Aditya Mittal, has re-entered discussions after an earlier bid of around $1.5 billion, adding a new twist to the ownership situation.
Raj Kundra Legal Dispute Complicates Rajasthan Royals Sale
The proposed sale of Rajasthan Royals faces complications due to a legal dispute involving former minority investor Raj Kundra. He approached the National Company Law Tribunal, alleging oppression and mismanagement while seeking reinstatement of his 11.7 percent stake.
A United Kingdom court earlier granted an anti-suit injunction restricting Kundra from pursuing certain legal proceedings. This order is now being challenged in the Bombay High Court, where Justice Milind Jadhav has issued notice to Emerging Media Ventures over the ongoing dispute.
Royals Sports Group, led by Manoj Badale, remains confident of a positive outcome despite talks involving Kal Somani. However, funding issues, Board of Control for Cricket in India scrutiny, and legal challenges continue to delay the finalization timeline.
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