With the search for Rajasthan Royals new owner still on ahead of the upcoming Indian Premier League (IPL 2026) season, Indian billionaire Aditya Mittal is the latest to enter the race to acquire the franchise. Currently, the ownership of the inaugural IPL champions primarily rests with British-Indian entrepreneur Manoj Badale’s Emerging Media Ventures, which holds roughly a 65% stake while the Minority shares belong to investors like RedBird Capital Partners and Lachlan Murdoch.
Apart from Rajasthan, Royal Challengers Bengaluru (RCB) are also on the lookout for a new buyer and the IPL ownership landscape is set to witness an overhaul soon.
It is understood that the CEO of global steel giant Arcelor Mittal, Aditya Mittal is interested in the buyout of the Rajasthan Royals. Furthermore, the binding bids have also been submitted by the deadline, which was March 17. The Mittal family have now emerged as one of the key contenders for the purchase of the Royals.
On May 3, The Times of India reported that Rajasthan Royals had been bought by a new group of investors. The consortium includes the Mittal family from the UK, Adar Poonawalla of Serum Institute, and Manoj Badale’s existing investment group.
The deal is valued at $1.65 billion. Under the new ownership structure, the Mittal family will hold a 75 percent stake, Adar Poonawalla will own 18 percent, and Badale-led investors will retain the remaining 7 percent.
The agreement also includes Rajasthan Royals and all of their overseas franchise investments. An earlier deal involving Kal Somani, the Walton family, and the Hamp family did not go through.
ALSO READ:
The Rajasthan Royals home matches were initially slated to be shifted away from Sawai Mansingh Stadium in Jaipur for IPL 2026 due safety and structural reasons after the relationship had already deteriorated with the Rajasthan Cricket Association (RCA) owing to match-fixing allegations.
However, both parties seemed to have resolved the matter now with the Royals playing four home games in Jaipur while they will play three other home matches in Guwahati.
For more updates, follow CricXtasy on Facebook, Instagram, Twitter, and YouTube.
