Startup Originals Team
In one of the biggest deals in IPL history, a consortium led by Lakshmi Mittal and Adar Poonawalla has acquired Rajasthan Royals for $1.65 billion (around ₹15,660 crore). The move reflects the rising global value and investor interest in cricket franchises.
Lakshmi Mittal’s son, Aditya Mittal, is expected to play a key role as the new face of the franchise going forward.
Deal Structure and Ownership Breakdown
As per the agreement, the Mittal family will take a majority 75% stake in Rajasthan Royals, while Adar Poonawalla will hold around 18% ownership. The remaining 7% stake will continue to be held by existing investors, including current promoter Manoj Badale, who will support the transition process.
The transaction is currently subject to approvals from:
- The Board of Control for Cricket in India (BCCI)
- IPL Governing Council
- Competition Commission of India (CCI)
The deal is expected to close later in 2026 once regulatory clearances are obtained.
Expansion Beyond IPL
The acquisition is not limited to just the Rajasthan Royals franchise. It also includes ownership stakes in:
- Paarl Royals (SA20 League)
- Barbados Royals (Caribbean Premier League)
This gives the consortium a strong presence across multiple global T20 leagues, expanding its footprint in international cricket.
Why This Deal Matters
This acquisition highlights the massive growth in the valuation of IPL teams over the years. What started as a domestic cricket league has now evolved into a global sports business attracting billionaire investors and international interest.
Key takeaways from the deal:
- IPL franchises are becoming high-value global assets
- Cross-league ownership is emerging as a major strategy
- Investors are betting on the long-term commercial growth of cricket
The Bigger Picture
The entry of major business leaders like Lakshmi Mittal and Adar Poonawalla signals a shift in how sports teams are viewed, not just as entertainment properties but as scalable global businesses.
With growing media rights, sponsorships, and fan engagement, IPL teams are now competing with top global sports leagues in terms of valuation and influence.
Conclusion
The ₹15,660 crore acquisition of Rajasthan Royals marks a major milestone in the evolution of the IPL. As new ownership takes charge, the franchise is expected to enter a new phase of growth, both on and off the field.
