Lakshmi Mittal Rajasthan Royals Deal Officially Announced
Lakshmi Mittal Rajasthan Royals deal has been officially confirmed, marking one of the biggest ownership changes in IPL history. The UK-based Indian business tycoon has reached a definitive agreement to acquire the Jaipur-based franchise.
The deal values the team at around $1.65 billion (₹15,660 crore), making it one of the most expensive IPL franchise transactions ever.
Consortium Includes Big Names
Lakshmi Mittal Rajasthan Royals takeover is being executed through a powerful consortium.
Key members include:
- Lakshmi Mittal (Lead Owner)
- Adar Poonawalla
- Manoj Badale
The Mittal family will hold approximately 75% stake, while Adar Poonawalla will own around 18%. The remaining shares will stay with existing investors.
Surprise Twist in Ownership Change
Lakshmi Mittal Rajasthan Royals acquisition comes as a surprise.
Earlier, a US-based consortium led by Kal Somani, along with global business families, was expected to take over the franchise. However, this new deal has completely changed the ownership landscape.
Existing Management to Continue Support
Lakshmi Mittal Rajasthan Royals transition will still involve current stakeholders.
Manoj Badale will continue to support the team and provide continuity. His experience with the franchise is expected to help maintain stability during the transition.
Global Expansion Included in Deal
Lakshmi Mittal Rajasthan Royals agreement also includes international teams:
- Paarl Royals (South Africa)
- Barbados Royals (Caribbean league)
This expands the scope of the deal beyond just the IPL franchise.
Approval Process Still Pending
Lakshmi Mittal Rajasthan Royals deal is not fully complete yet.
The transaction will require approvals from:
- Board of Control for Cricket in India
- IPL Governing Council
- Competition Commission of India
The final completion is expected by Q3 2026.
Strong Emotional Connection to Rajasthan
Lakshmi Mittal Rajasthan Royals deal has a personal angle as well.
Lakshmi Mittal has roots in Rajasthan, which made this franchise a natural choice for him. He expressed excitement about joining the team and supporting its future success.
Support from Co-Investors
Adar Poonawalla also shared his enthusiasm for the partnership, highlighting the strong legacy of Rajasthan Royals and its long-term potential.
The consortium believes the franchise has strong growth opportunities in the coming years.
Rajasthan Royals’ Legacy Continues
Rajasthan Royals remain one of the most iconic IPL teams, having won the inaugural title in 2008.
The team is currently performing well and pushing towards the playoffs, with young talents making a strong impact.
Conclusion
Lakshmi Mittal Rajasthan Royals takeover is a landmark moment for IPL.
With strong financial backing, global vision, and deep cricket passion, this new ownership could take the franchise to the next level.
