Rajasthan Royals sold for $1.63B deal

Rajasthan Royals have just been sold for a whopping $1.63 billion (around ₹16,290 crore). The winning bid came from Kal Somani, an existing shareholder in the team, while the Times Group came in a close second.

What makes this even more interesting is where it all started. Back in 2008, Rajasthan Royals were the cheapest team in the league, bought for just $67 million by a group led by Manoj Badale. 

RR becomes one of the latest IPL teams to cross the $1B mark, with the deal setting a new record sale, surpassing LSG’s $940M valuation in 2021.