Rajasthan Royals majority stake sale in play, The Raine Group advises

• IPL team Rajasthan Royals is initiating a process to sell a majority stake, with a potential valuation exceeding $1 billion.
• Manoj Badale's Emerging Media Ventures, holding ~65% stake, is exploring options, including a full 100% sale.
• Global merchant bank The Raine Group has been appointed as the sell-side advisor for the transaction.
• Preliminary discussions have taken place with various suitors, including private equity funds, corporates, and family offices.
• The recent sale of Gujarat Titans for $833 million has set a benchmark for IPL team valuations.

Why It Matters: Rajasthan Royals' potential $1bn+ sale shows IPL teams' soaring value.