Rajasthan Royals (RR) have a new owner now, and this franchise has a high bid of about US $1.635 billion (INR 15,290 crore approx.), and the record of the successful bid of a high-profile group of US-based investors of Sport Group, Kal Somani, has acquired a 100 percent stake of the Rajasthan Royals (RR).
Also Read: IPL 2026 Schedule: Check Match Dates, Venues and Timings
Who is the owner of the Rajasthan Royals?
Kal Somani is now the owner of the franchise of one of the IPL teams, the Rajasthan Royals (RR), and as the new owner of the Rajasthan Royals (RR), Kal Somani has bid the highest at INR 15,290 crore (approx. US $1.635 billion), which is one of the IPL’s most valuable teams and comes closer to the Royal Challengers Bengaluru’s (RCB) $1.78 billion sale.
Source: ANI
Who is Kal Somani?
Source: (LinkedIn/Kal Somani)
Kal Somani is an Indian-origin entrepreneur and investor based in Scottsdale, Arizona, United States. As per his LinkedIn profile, he is the founder of multiple technology companies like IntraEdge, Truyo, Truyo. AI, and Academian, which is focusing on AI, data privacy, and education technology. With over 15 years of experience, he is also known for building people-first tech ecosystems.
Beyond this, he is also an investor and invested in many sports ventures, like Motor City Golf Club. Recently, he has high bid for for the Rajasthan Royals around US $1.635 billion (INR 15,290 crore approx.)
Also Read: Most Runs in IPL (2008 to 2026)
Why was Rajasthan Royals (RR) sold to Kal Somani for 15,290 crore?
The Rajasthan Royals (RR) have been sold to a Kal Somani-led consortium for around ₹15,290 crore, showing the strong growth of the Indian Premier League (IPL) and India’s rising sports market.
The investors bid aggressively because they believe IPL will continue to grow rapidly and India is becoming a major global economy.
This deal highlights increasing investor confidence in IPL franchises, although the final approval from the Board of Control for Cricket in India (BCCI) is still pending.
For such articles related to sports, visit GKinfoBuzz regularly!
