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Rajasthan Royals' Billion-Dollar Acquisition: New Owners and Their Sports Ventures Revealed

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Rajasthan Royals Sold for Record $1.63 Billion, Becomes IPL's First Billion-Dollar Team

Rajasthan Royals is one of the eight original franchises in the Indian Premier League and had originally been sold to the Emerging Media Ventures for $67 million in 2007. Reuters

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Firstpost•24-03-2026, 17:06

Rajasthan Royals Sold for Record $1.63 Billion, Becomes IPL's First Billion-Dollar Team

•Rajasthan Royals becomes the first IPL team to be sold for over a billion dollars, acquired for $1.63 billion (Rs 15,286 crore).
•A consortium led by US-based entrepreneur Kal Somani won the bid to acquire 100 percent of the franchise.
•The previous record was held by Sanjiv Goenka's RPSG Group, which bought Lucknow Super Giants for $940 million in 2021.
•New owners include American business magnates Rob Walton (Walmart heir) and Sheila Ford Hamp (Ford Motor Company).
•The Somani-led consortium also owns teams in SA20 (Paarl Royals) and Caribbean Premier League (Barbados Royals), with other sports investments.

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