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IPL: Mittal Family, Adar Poonawala acquire RR for approx $1.65 billion
The article reports that the Mittal family and Adar Poonawala have acquired the Rajasthan Royals IPL franchise for about $1.65 billion. This marks a major ownership change in IPL.
Why It Matters
This high-value acquisition signals substantial investor interest in IPL franchises and could influence future franchise valuations and ownership dynamics.
Timeline
1 Event
Mittal Family and Adar Poonawala acquire Rajasthan Royals for approx $1.65 billion
May 3, 2026
As reported on May 3, 2026, the Mittal family and Adar Poonawala have acquired the Rajasthan Royals (RR) IPL franchise for approximately $1.65 billion.