Rajasthan Royals majority stake sale in play, $1B+ valuation eyed; The Raine Group advises.

• IPL team Rajasthan Royals is seeking to sell a majority stake.
• The Raine Group has been appointed as the sell-side advisor for the transaction.
• The target valuation for Rajasthan Royals is reportedly over $1 billion.
• Manoj Badale's Emerging Media Ventures currently holds approximately 65% of the franchise.
• A full 100% stake sale is also being considered, depending on buyer interest.

Why It Matters: Rajasthan Royals' potential sale shows IPL's rising financial value and investor interest.