Mittal Family, Adar Poonawala Acquire Rajasthan Royals for $1.65B

A consortium led by Lakshmi N. Mittal and Adar Poonawala has acquired the Rajasthan Royals and its sister entities, Paarl Royals and Barbados Royals, for approximately $1.65 billion. truewildgame.online

Following regulatory approvals, the Mittal Family will hold approximately 75 percent of the franchise, while Poonawala will own 18 percent, and existing owner Manoj Badale retains a minority stake. The transaction is expected to conclude in the third quarter of 2026.