The IPL fraternity witnessed a seismic shift as Lakshmi Mittal’s family, alongside Adar Poonawalla, struck a deal to purchase Rajasthan Royals from Manoj Badale’s consortium for $1.65 billion. Announced Sunday, this transaction values the full Royals ecosystem, including international leagues.
Stake distribution sees Mittals commanding 75%, Poonawalla at 18%, and 7% retained by Badale and allies. The previous winning bidder, Kal Somani-led group, faltered on financing, paving the way for this powerhouse entry.
Badale remains pivotal, offering cricket acumen to steer RR forward. The portfolio extends to Paarl Royals (SA20) and Barbados Royals (CPL), underscoring the deal’s expansive scope.
Subject to regulatory nods from BCCI and others, finalization is slated for late 2026. Lakshmi Mittal’s statement radiated excitement: ‘Rajasthan roots and cricket love make RR perfect. We’ve celebrated legends here; can’t wait to fuel the next chapter.’
Son Aditya emphasized talent development: ‘IPL’s premier league status owes much to teams like RR. We’ll amplify their youth focus, blending global stars for enduring ‘Halla Bol’ glory.’
Family member Vanisha noted the honor of contributing to India’s sporting pride. Poonawalla praised the partnership, eager for sustained success. Badale reflected gratefully on RR’s journey, hailing the incoming custodians.
Analysts predict this infusion of capital will boost RR’s competitiveness, from academy investments to star signings, positioning them as IPL frontrunners. Fans anticipate a revitalized Royals era.
