{"id":12294,"date":"2026-05-04T12:19:40","date_gmt":"2026-05-04T06:49:40","guid":{"rendered":"https:\/\/www.class24.study\/current-affairs\/?p=12294"},"modified":"2026-05-04T12:31:55","modified_gmt":"2026-05-04T07:01:55","slug":"rajasthan-royals-sale-mittal-poonawala-1-65b","status":"publish","type":"post","link":"https:\/\/www.class24.study\/current-affairs\/rajasthan-royals-sale-mittal-poonawala-1-65b\/","title":{"rendered":"Rajasthan Royals Acquired by Mittal Family, Adar Poonawala for $1.65 Billion"},"content":{"rendered":"<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Rajasthan Royals $1.65 Billion Deal: Key Highlights<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The transaction of Rajasthan Royals and the affiliated teams were estimated to be approximately 1.65 billion.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The purchase involves Rajasthan Royals, Paarl Royals, and Barbados Royals.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Mittal family and Adar Poonawala are the leaders of the buying consortium.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Some of the important members of the group include industrialist Lakshmi N. Mittal and Aditya Mittal.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Adar Poonawala is one of the most popular businesspeople and investors in India.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">After the completion, it is projected that the Mittal family will own aapproximately a75% stake.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The expected share held by Adar Poonawala is around an 18% stake.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Approved investors will retain approximately a 7% stake, including Manoj Badale, among others.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Approvals of BCCI, CCI and the IPL Governing Council are required to authorise the transaction.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The deal will likely be finalised in Q3 2026.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The Rajasthan Royals were also among the first franchises to be launched in 2008 in the IPL.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">This team was famously crowned with the first IPL title in 2008.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The franchise has its location in Jaipur, Rajasthan.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The change in ownership is a reflection of the increase in team value of IPL teams around the world.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cricket leagues are still regarded by global investors as an important asset in sports.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Another cricket team, the Rajasthan Royals, have an increasingly growing presence in other countries such as the USA and England with their overseas leagues.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Mittal has experience already in the field of sports investment.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">This is one of the largest franchise sales in the history of cricket.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Good brand value and IPL popularity contributed to the valuation being projected higher.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The acquisition would lead to new capital, strategy, and growth opportunities on a global scale.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Under new owners, fans will be more scrutinizing over any future management and team complaints.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">PYQs on Indian Premier League<\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Exam Name<\/b><\/td>\n<td><b>Year<\/b><\/td>\n<td><b>Question<\/b><\/td>\n<td><b>Options<\/b><\/td>\n<td><b>Correct Answer<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC GD<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won the first IPL title in 2008?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) CSK B) RR C) MI D) RCB<\/span><\/td>\n<td><b>B) Rajasthan Royals<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">RRB NTPC<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2024 title?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) KKR B) SRH C) CSK D) RR<\/span><\/td>\n<td><b>A) Kolkata Knight Riders<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC CHSL<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team was runner-up in IPL 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) RR B) MI C) SRH D) GT<\/span><\/td>\n<td><b>C) Sunrisers Hyderabad<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Banking PO<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2023?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) GT B) MI C) CSK D) SRH<\/span><\/td>\n<td><b>C) Chennai Super Kings<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC CGL<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team was runner-up in IPL 2023?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) GT B) MI C) KKR D) RR<\/span><\/td>\n<td><b>A) Gujarat Titans<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Railway Group D<\/span><\/td>\n<td><span style=\"font-weight: 400\">2023<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which two teams are the most successful in IPL history till 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) MI &amp; CSK B) KKR &amp; SRH C) RR &amp; GT D) DC &amp; PBKS<\/span><\/td>\n<td><b>A) MI &amp; CSK<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC MTS<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">How many IPL titles have Mumbai Indians won till 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) 3 B) 4 C) 5 D) 6<\/span><\/td>\n<td><b>C) 5<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC CPO<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">How many IPL titles have Chennai Super Kings won till 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) 4 B) 5 C) 6 D) 3<\/span><\/td>\n<td><b>B) 5<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">UPSC Style<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won back-to-back IPL titles in 2010 and 2011?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) MI B) KKR C) CSK D) RR<\/span><\/td>\n<td><b>C) Chennai Super Kings<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">State PSC<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2022 in its debut season?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) LSG B) GT C) RR D) DC<\/span><\/td>\n<td><b>B) Gujarat Titans<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC GD<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2020?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) MI B) DC C) CSK D) SRH<\/span><\/td>\n<td><b>A) Mumbai Indians<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">RRB ALP<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2021?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) CSK B) KKR C) MI D) RR<\/span><\/td>\n<td><b>A) Chennai Super Kings<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">CHSL<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team has won IPL three times till 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) RR B) KKR C) GT D) SRH<\/span><\/td>\n<td><b>B) Kolkata Knight Riders<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Banking Clerk<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2016?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) RCB B) SRH C) MI D) KKR<\/span><\/td>\n<td><b>B) Sunrisers Hyderabad<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC CGL<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team won IPL 2009?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) Deccan Chargers B) RR C) MI D) CSK<\/span><\/td>\n<td><b>A) Deccan Chargers<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">Railway NTPC<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team has never won IPL till 2024?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) PBKS B) GT C) RR D) SRH<\/span><\/td>\n<td><b>A) Punjab Kings<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC MTS<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which city is home ground of Rajasthan Royals?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) Jaipur B) Delhi C) Mumbai D) Pune<\/span><\/td>\n<td><b>A) Jaipur<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">State Exam<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">IPL is organized by which body?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) ICC B) BCCI C) ACC D) MCA<\/span><\/td>\n<td><b>B) BCCI<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">SSC GD<\/span><\/td>\n<td><span style=\"font-weight: 400\">2025<\/span><\/td>\n<td><span style=\"font-weight: 400\">Which team defeated Sunrisers Hyderabad in IPL 2024 final?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) KKR B) CSK C) MI D) RR<\/span><\/td>\n<td><b>A) Kolkata Knight Riders<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400\">RRB Group D<\/span><\/td>\n<td><span style=\"font-weight: 400\">2024<\/span><\/td>\n<td><span style=\"font-weight: 400\">In which year was the first IPL played?<\/span><\/td>\n<td><span style=\"font-weight: 400\">A) 2007 B) 2008 C) 2009 D) 2010<\/span><\/td>\n<td><b>B) 2008<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center\"><a href=\"https:\/\/www.class24.study\/current-affairs\/india-launches-first-barrier-free-toll-plaza-on-nh-48-in-gujarat\/\" target=\"_blank\" rel=\"noopener\">India Launches First Barrier-Free Toll Plaza NH-48\u00a0<\/a><\/p>\n<h2><span style=\"font-weight: 400\">Conclusion \u2013 Mittal Family, Adar Poonawala Acquire Rajasthan Royals<\/span><\/h2>\n<p><span style=\"font-weight: 400\">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.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":12295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-12294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/12294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/comments?post=12294"}],"version-history":[{"count":2,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/12294\/revisions"}],"predecessor-version":[{"id":12298,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/posts\/12294\/revisions\/12298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media\/12295"}],"wp:attachment":[{"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/media?parent=12294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/categories?post=12294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.class24.study\/current-affairs\/wp-json\/wp\/v2\/tags?post=12294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}