Rajsthan Royals Sold out, If we take a look back many speculations and rumours were there saying there can be a change in the ownership pattern or in shares or stake.
Manoj Badale is a British Indian businessman and venture business builder.
He is the co-founder and managing partner of venture builder firm Blenheim Chalcot.
Lead owner of Indian Premier League franchise Rajasthan Royals, the South African SA20 Franchise Paarl Royals and the Caribbean CPL franchise Barbados Royals.
Now he sold Rajasthan Royals for $1.63 billion which is equilent to 15,289 crore and it is claimed that Rajasthan Royals has become one of the most expensive franchaises ever.
A consortium led by US-based entrepreneur Kal Somani has won the bid.
He is the founder and CEO of several global giants, including IntraEdge (a leading technology services and solutions firm),
Truyo & Truyo.AI (pioneers in data privacy rights automation and AI governance), and Academian (a major player in the ed-tech and digital content space).
What makes this deal truly remarkable is the global finance baacking.
His consortium includes Rob Walton, the heir to the Walmart fortune and owner of NFL’s Denver Broncos.
With a Net Worth of USD 110 Billion he is considered one of the wealthiest sports owner in the United States.
Kal Somani was already an investor in Rajasthan Royals before 2026.
His investment shows how the IPL is attracting global business leaders.
He represents the new wave of tech-driven sports ownership.
His group includes international investors and sports business experts.
Also an angel investor, investing in startups related to fintech, security, and tech innovation.
Kal Somani is a tech entrepreneur + investor.
Now new owner (consortium leader) of Rajasthan Royals.
Played a key role in one of the largest deals in IPL history.