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Rajasthan Royals are set for a major ownership change as the Mittal family and Adar Poonawalla agree to acquire the franchise in a deal worth around $1.65 billion (approx. ₹15,660 crore). The transaction, pending approvals, highlights the IPL’s growing global value and could bring new direction to the team and its associated international franchises.

A major shift in the IPL landscape has unfolded with Rajasthan Royals set to change ownership in a blockbuster deal valued at approximately $1.65 billion, marking one of the most significant transactions in cricket history.

A powerful consortium comprising Lakshmi Mittal, Aditya Mittal, and Adar Poonawalla has agreed to acquire the IPL franchise along with its associated teams, including Paarl Royals and Barbados Royals. The deal underscores the rapidly growing commercial value of franchise cricket and the IPL’s global appeal.

Reports indicate that the Mittal family-led group is set to secure a controlling stake in the franchise from current owner Manoj Badale and his consortium. The transaction, however, remains subject to regulatory approvals from governing bodies such as the BCCI, the IPL Governing Council, and the Competition Commission of India, with completion expected later in 2026.

The valuation reflects the extraordinary rise of the IPL as one of the most lucrative sporting leagues in the world. From being one of the original eight teams in 2008, Rajasthan Royals have evolved into a global cricketing brand, with interests spanning multiple leagues across continents.