Rajasthan Royals Sold for $1.65 Billion: Mittal Family, Adar Poonawalla Take Control; RR in IPL 2026 Top 4

The ownership landscape of the Indian Premier League (IPL) continues to evolve, with Rajasthan Royals confirming a major change in control. The development comes just months after the high-profile sale of Royal Challengers Bengaluru for USD 1.78 billion to an Aditya Birla-led consortium, highlighting the rising valuations of IPL franchises.

Rajasthan Royals Sold! Mittal Family to Lead $1.65 Billion RR Acquisition

The Mittal Family, led by Lakshmi N. Mittal and Aditya Mittal, has entered into a definitive agreement to acquire Rajasthan Royals in a deal valued at around USD 1.65 billion (approximately Rs 15,660 crore). This places the franchise among the most valuable teams in the league.

Adar Poonawalla Joins Consortium; Deal Covers Global Teams Paarl Royals & Barbados Royals

The acquisition is being carried out in partnership with Adar Poonawalla. The consortium is purchasing the franchise from Manoj Badale and other investors. The deal also includes the Royals' associated teams, Paarl Royals in South Africa and Barbados Royals in the Caribbean - indicating a broader global portfolio.

Rajasthan Royals' Stake Distribution and Ownership Structure

Following the completion of the transaction, expected in the third quarter of 2026, the Mittal Family will hold a 75% stake in the franchise, making them the primary owners. Adar Poonawalla will own around 18%, while the remaining 7% stake will continue to be held by existing investors, including Manoj Badale.

The deal is subject to regulatory approvals from bodies such as the Board of Control for Cricket in India, the Competition Commission of India, and the IPL Governing Council. Completion is expected in Q3 2026 once these approvals and other standard conditions are fulfilled.

Rajasthan Royals Retain Manoj Badale for Smooth Ownership Transition

Even after the change in ownership, Manoj Badale will remain associated with Rajasthan Royals as a board member. The franchise noted that his experience and long association with the team will help ensure continuity during the transition phase.

IPL 2026 Points Table: RR at Top 4

On the performance front, Rajasthan Royals remain competitive in the ongoing IPL 2026 season. At the time of writing as per official page, the team holds the 4th position on the points table, with 12 points from 10 matches, keeping them in the race for the playoffs.

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