Rajasthan Royals Sold For More Than Rs 15,000 Crore, Set To Become Costliest IPL Franchise

The Rajasthan Royals ownership race is over, and a consortium led by US-based entrepreneur Kal Somani has emerged as the winner. The consortium reportedly acquired 100 per cent of the franchise at a valuation of $1.63 billion (Rs 15,286 crore). Somani is the founder of IntraEdge, Academian, and Truyo.AI. He is backed by American businessman Rob Walton, of the Walmart family, and the Hamp family, who own majority stakes in National Football League (NFL) side Detroit Lions. Sheila Ford Hamp also has roots in the Ford family, who are co-owners of the Ford Motor Company.