Rajasthan Royal Ownership Sealed- Lakshmi Mittal Leads ₹15,600 Cr IPL Takeover
Rajasthan Royal ownership changes as Lakshmi Mittal leads ₹15,600 crore IPL deal. New ownership structure reshapes franchise control, signaling major financial and strategic shift in IPL ecosystem.
In a landmark shift in Rajasthan Royal ownership, industrialist Lakshmi Mittal has led a consortium to acquire the Rajasthan Royals in one of the biggest deals in Indian Premier League history. The ₹15,600 crore ($1.65 billion) agreement sees the Mittal family take a dominant 75% stake, alongside Adar Poonawalla holding around 18%, with the remaining stake retained by existing investors.
The deal, which includes not just the IPL franchise but also its global sister teams, is subject to regulatory approvals and is expected to close later in 2026, marking a major moment in the commercial evolution of the IPL.
Deal Breakdown: What the New Rajasthan Royal Ownership Looks Like
The acquisition confirms a clear power shift in Rajasthan Royal ownership, with the Mittal family taking operational control while retaining continuity through existing stakeholders like Manoj Badale.
Beyond the IPL team, the deal also includes associated franchises in South Africa and the Caribbean, reflecting a multi-league strategy and expanding the ownership footprint into global T20 ecosystems.
The valuation among the highest in IPL historyhighlights the league’s soaring commercial value and continued attraction for global billionaires and institutional investors.
What This Means for IPL Power Dynamics
This Rajasthan Royalownership change is not just a financial deal, it signals a new era of corporate-backed dominance in the IPL.
Sportscape feels that this move could redefine competitive balance, with deeper pockets translating into stronger infrastructure, scouting, and global integration.
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