Why is Rajasthan Royals’ old deal stuck? Mittal family and Poonawala new owners
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IPL 2026 Rajasthan Royals: In March 2026, the Kal Somani-led consortium had made the biggest bid to buy Rajasthan Royals, but this deal has now fallen into disrepair. If reports are to be believed, Lakshmi Mittal, her son Aditya Mittal and vaccine manufacturer Adar Poonawala have acquired the ownership rights for about $1.65 billion.
Rajasthan Royals gets new owner
New Delhi: Big news is coming out about the 2008 champion team Rajasthan Royals. It has been learned that the Rajasthan deal signed two months ago has fallen into disrepair and now the group of steel industry magnate Lakshmi Mittal, his son Aditya Mittal and vaccine manufacturer Adar Poonawala has bought this franchise and its associated teams for about $ 1.65 billion. Two months ago, a big American businessman, Kal Somani, had bought 100 percent stake of the team at a huge price of 1.63 billion dollars (15 thousand 290 crores), but due to difficulty in raising funds, uncertainty related to rules and other reasons, this deal could not go ahead.
About the Author
Anshul Talmale is captaining the sports desk of Network18 Group from February 2025, wearing the jersey of Deputy News Editor. Here, he is handling the role of sports content planning, editorial direction and strategy making.read more
