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The Economic Times

Sports / The Economic Times

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Rajasthan Royals sold for $1.65B to Mittal-Poonawalla consortium

A consortium led by the Mittal family and including Adar Poonawalla will acquire Rajasthan Royals for $1.65 billion. The Mittal family will hold a majority stake. This deal follows a previous failed sale. The transaction includes overseas franchises. Approvals are pending, with closure expected in the third quarter of 2026. New investors will join the board.

4 May 2026 12:22 am