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    Kal Somani-led consortium buys Rajasthan Royals for USD 1.63 billion
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    Kal Somani-led Consortium Buys Rajasthan Royals For USD 1.63 Billion

    By IANS News March 24, 2026 • 16:54 PM View: 377
    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.

    TAGS Kal Somani Rajasthan Royals Indian Premier League Harsha Bhogle London Spirit Motor City Golf Club TMRW Sports TGL Golf League NDTV Profit Rob Walton Detroit Lions Sheila Ford Hamp Royal Challengers Bengaluru Aditya Birla Group
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