The Mittal family will reportedly hold around 75% ownership following completion of the transaction
Acquisition
Rajasthan Royals Acquisition
The Rajasthan Royals cricket franchise has been acquired in a significant $1.65 billion deal involving prominent business figures Mittals and Poonawalla. This acquisition marks a notable shift in ownership within the sports industry, highlighting the increasing financial stakes in cricket franchises.
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Growing Valuation of Sports Franchises
Rajasthan Royals acquisition: Mittals and Poonawalla in $1.65 billion deal
Timeline of Key Developments
3 Events
Oct 2023
Acquisition Announcement
The acquisition of Rajasthan Royals by Mittals and Poonawalla is officially announced, valued at $1....
Oct 2023
Investor Reactions
Reactions from the sports community and analysts begin to surface, discussing the implications of th...
Latest
Oct 2023
Future Plans Revealed
The new owners outline their vision and strategic plans for the Rajasthan Royals moving forward.
01 Oct 2023
Acquisition Announcement
The acquisition of Rajasthan Royals by Mittals and Poonawalla is officially announced, valued at $1.65 billion.
05 Oct 2023
Investor Reactions
Reactions from the sports community and analysts begin to surface, discussing the implications of the acquisition.
10 Oct 2023
Latest
Future Plans Revealed
The new owners outline their vision and strategic plans for the Rajasthan Royals moving forward.
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Rajasthan Royals acquisition: Mittals and Poonawalla in $1.65 billion deal
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AI-assisted summary, reviewed by our newsroom
The Rajasthan Royals cricket franchise has been acquired in a significant $1.65 billion deal involving prominent business figures Mittals and Poonawalla. This acquisition marks a notable shift in ownership within the sports industry, highlighting the increasing financial stakes in cricket franchises.