Rajasthan Royals has been sold for approximately $1.63 billion (around Rs 15,286 crore), with a consortium led by American businessman Kal Somani acquiring 100 percent ownership of the Indian Premier League franchise, according to reports.
Ownership Details
The consortium led by Kal Somani, which owns companies including Intraedge, Academian and Truyo.ai, has completed the acquisition of Rajasthan Royals. The group is backed by American businessman Rob Walton, associated with the Walmart family. Somani has been a stakeholder in Rajasthan Royals since 2021. Following the deal, full operational control of the franchise will transfer to the new owners from IPL 2026.
Deal Valuation and Bidding
According to reports, this transaction is the largest sale in IPL history, making Rajasthan Royals the most valuable team in the league. Previously, the largest stake in the franchise was held by Manoj Badale. Reports also state that Columbia Pacific Capital Partners had submitted a $1.7 billion bid for Rajasthan Royals but withdrew due to execution-related issues.
Team Updates Ahead of IPL 2026
Riyan Parag will captain Rajasthan Royals in IPL 2026. The previous season’s captain, Sanju Samson, has moved to Chennai Super Kings. Sam Curran is already ruled out due to injury, while Ravindra Jadeja has joined Rajasthan Royals through a trade deal involving Sanju Samson.
Following the deal, discussions have intensified around a potential sale of Royal Challengers Bengaluru, with estimates suggesting a valuation exceeding $2 billion.
