IPL franchise Rajasthan Royals is set to be acquired by a US-based consortium led by Kal Somani in a deal valued at USD 1.63 billion (approximately Rs 15,290 crore).
The Somani-led group includes Rob Walton of the Walmart family and members of the Hamp family, associated with Ford.
Somani, an Arizona-based tech entrepreneur, is the founder of companies such as IntraEdge, Truyo.Ai and Academian.
Other bidders in the race included a consortium led by Times Internet, the Aditya Birla Group, and the Mittal family headed by ArcelorMittal CEO Aditya Mittal.
The Rajasthan franchise had initiated the sale process in 2025, targeting a valuation exceeding USD 1 billion. After months of negotiations, the Somani-led consortium secured full ownership of the franchise on March 24, 2026, for Rs 15,290 crore.
Estimates suggest that the franchise’s valuation has surged by USD 1.563 billion over 19 years—marking an approximate 24.33-fold increase from its original price.
Back in 2008, Rajasthan Royals were valued at USD 67 million (around Rs 2,680 crore). By 2026, that figure had climbed to USD 1.63 billion (roughly Rs 15,900 crore).
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