The Rajasthan Royals franchise would change ownership significantly after a deal between the Mittal family and Adar Poonawala to acquire the IPL team was finalised at a deal estimated to be worth approximately 1.65 billion. Other sister franchises involved in the transaction are the Royals in South Africa (Paarl Royals in the SA20 league of Great Britain) and Royals in the Barbados Royals in the Caribbean Premier League. The deal will be closed in Q3 2026, subject to regulatory approvals. The relocation singles out the skyrocketing commercial worth of IPL franchises and a mushrooming number of investors in international cricket assets.
Rajasthan Royals $1.65 Billion Deal: Key Highlights
- The transaction of Rajasthan Royals and the affiliated teams were estimated to be approximately 1.65 billion.
- The purchase involves Rajasthan Royals, Paarl Royals, and Barbados Royals.
- The Mittal family and Adar Poonawala are the leaders of the buying consortium.
- Some of the important members of the group include industrialist Lakshmi N. Mittal and Aditya Mittal.
- Adar Poonawala is one of the most popular businesspeople and investors in India.
- After the completion, it is projected that the Mittal family will own aapproximately a75% stake.
- The expected share held by Adar Poonawala is around an 18% stake.
- Approved investors will retain approximately a 7% stake, including Manoj Badale, among others.
- Approvals of BCCI, CCI and the IPL Governing Council are required to authorise the transaction.
- The deal will likely be finalised in Q3 2026.
- The Rajasthan Royals were also among the first franchises to be launched in 2008 in the IPL.
- This team was famously crowned with the first IPL title in 2008.
- The franchise has its location in Jaipur, Rajasthan.
- The change in ownership is a reflection of the increase in team value of IPL teams around the world.
- Cricket leagues are still regarded by global investors as an important asset in sports.
- Another cricket team, the Rajasthan Royals, have an increasingly growing presence in other countries such as the USA and England with their overseas leagues.
- Mittal has experience already in the field of sports investment.
- This is one of the largest franchise sales in the history of cricket.
- Good brand value and IPL popularity contributed to the valuation being projected higher.
- The acquisition would lead to new capital, strategy, and growth opportunities on a global scale.
- Under new owners, fans will be more scrutinizing over any future management and team complaints.
PYQs on Indian Premier League
| Exam Name | Year | Question | Options | Correct Answer |
| SSC GD | 2025 | Which team won the first IPL title in 2008? | A) CSK B) RR C) MI D) RCB | B) Rajasthan Royals |
| RRB NTPC | 2024 | Which team won IPL 2024 title? | A) KKR B) SRH C) CSK D) RR | A) Kolkata Knight Riders |
| SSC CHSL | 2024 | Which team was runner-up in IPL 2024? | A) RR B) MI C) SRH D) GT | C) Sunrisers Hyderabad |
| Banking PO | 2024 | Which team won IPL 2023? | A) GT B) MI C) CSK D) SRH | C) Chennai Super Kings |
| SSC CGL | 2025 | Which team was runner-up in IPL 2023? | A) GT B) MI C) KKR D) RR | A) Gujarat Titans |
| Railway Group D | 2023 | Which two teams are the most successful in IPL history till 2024? | A) MI & CSK B) KKR & SRH C) RR & GT D) DC & PBKS | A) MI & CSK |
| SSC MTS | 2024 | How many IPL titles have Mumbai Indians won till 2024? | A) 3 B) 4 C) 5 D) 6 | C) 5 |
| SSC CPO | 2025 | How many IPL titles have Chennai Super Kings won till 2024? | A) 4 B) 5 C) 6 D) 3 | B) 5 |
| UPSC Style | 2024 | Which team won back-to-back IPL titles in 2010 and 2011? | A) MI B) KKR C) CSK D) RR | C) Chennai Super Kings |
| State PSC | 2024 | Which team won IPL 2022 in its debut season? | A) LSG B) GT C) RR D) DC | B) Gujarat Titans |
| SSC GD | 2025 | Which team won IPL 2020? | A) MI B) DC C) CSK D) SRH | A) Mumbai Indians |
| RRB ALP | 2024 | Which team won IPL 2021? | A) CSK B) KKR C) MI D) RR | A) Chennai Super Kings |
| CHSL | 2024 | Which team has won IPL three times till 2024? | A) RR B) KKR C) GT D) SRH | B) Kolkata Knight Riders |
| Banking Clerk | 2024 | Which team won IPL 2016? | A) RCB B) SRH C) MI D) KKR | B) Sunrisers Hyderabad |
| SSC CGL | 2025 | Which team won IPL 2009? | A) Deccan Chargers B) RR C) MI D) CSK | A) Deccan Chargers |
| Railway NTPC | 2024 | Which team has never won IPL till 2024? | A) PBKS B) GT C) RR D) SRH | A) Punjab Kings |
| SSC MTS | 2025 | Which city is home ground of Rajasthan Royals? | A) Jaipur B) Delhi C) Mumbai D) Pune | A) Jaipur |
| State Exam | 2024 | IPL is organized by which body? | A) ICC B) BCCI C) ACC D) MCA | B) BCCI |
| SSC GD | 2025 | Which team defeated Sunrisers Hyderabad in IPL 2024 final? | A) KKR B) CSK C) MI D) RR | A) Kolkata Knight Riders |
| RRB Group D | 2024 | In which year was the first IPL played? | A) 2007 B) 2008 C) 2009 D) 2010 | B) 2008 |
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Conclusion – Mittal Family, Adar Poonawala Acquire Rajasthan Royals
The sale of the Rajasthan Royals to the Mittal family and Adar Poonawala was a significant point in the business of the Indians in the game of cricket. The deal is worth approximately 1.65 billion, and the deal underscores the increasing commercial viability of IPL franchises and the interest of global investors in the sport. Having good financial support and knowledge about business, the Rajasthan Royals might pass to a new stage of development and prosperity. This also indicates the way in which the cricket teams are increasingly becoming the premium global sports property.
