Kal Somani acquires Rajasthan Royals for USD 1.6 billion

Kal Somani, an existing shareholder in the Rajasthan Royals IPL team, has taken over the franchise, acquiring the Jaipur-based outfit for approximately USD 1.6 billion. Times Group, which was also in the fray, finished a close second in the bidding race.

Somani will head a consortium that includes Walmart, and his group has acquired a full 100 percent stake in the Royals - one of the original eight IPL franchises. He is expected to take over the reins after the 2026 season from UK-based Manoj Badale of Emerging Media.

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