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Kal Somani-led consortium buys Rajasthan Royals for $1.63 billion

US entrepreneur Kal Somani, backed by the Walton and Hamp families, has secured ownership of the Rajasthan Royals franchise for $1.63 billion. This significant acquisition marks a new chapter for the IPL team.

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From cheapest to one of the costliest: RR sees 2,332.84% jump in value in 19 years

Rajasthan Royals’ valuation has surged from $67 million in 2008 to $1.63 billion in 2026, marking a 2,332.84 percent rise. Once the cheapest IPL franchise, they are now among the most valuable, reflecting the league’s explosive financial growth and strong investor interest.

Who is Kal Somani? The US entrepreneur leading $1.63bn RR buy

Ahead of IPL 2026, Rajasthan Royals have been acquired for $1.63 billion by a consortium led by US entrepreneur Kal Somani, making it a landmark deal. Somani, a tech entrepreneur, is backed by major global investors like Rob Walton and Sheila Ford Hamp. The move highlights growing IPL value, with Somani expressing strong belief in the league’s future potential.

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IPL: Kal Somani-led consortium buys 100% stake in RR for $1.63 billion

US entrepreneur Kal Somani, backed by the Walton and Hamp families, has secured ownership of the Rajasthan Royals franchise for $1.63 billion. This significant acquisition marks a new chapter for the IPL team.