London spirit
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Kal Somani-led Consortium Buys Rajasthan Royals For USD 1.63 Billion
Motor City Golf Club: Indian Premier League's (IPL) inaugural champions Rajasthan Royals (RR) have been sold to the Kal Somani-led consortium for USD 1.63 billion.
Renowned commentator Harsha Bhogle shared a post on X, "Rajasthan Royals is sold for 1.63 billion USD. Purely for comparison, London Spirit, the most expensive team, was valued at USD 370 million when there was a stake sale in The 100."
Somani is a US-based entrepreneur who has held a minority stake in Rajasthan Royals. Over the past 15-plus years, he's founded and led ventures focused on ed-tech, data privacy, AI governance, and sports tech. His association with sport also includes co-ownership of Motor City Golf Club and early-stage investment in ventures such as TMRW Sports and the TGL Golf League.
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