A big business news has come out regarding Rajasthan Royals. World’s leading industrialists Lakshmi Niwas Mittal and Aditya Mittal have bought this IPL franchise. Adar Poonawala is also included as a partner in this deal.
According to sources, the estimated enterprise value of this deal is estimated at around US $ 1.65 billion (approximately Rs 15,660 crore). This is considered to be the second biggest deal in the history of the Indian Premier League, which has created a stir in the sports and business world.
After the completion of the deal, the Mittal family will hold about 75% stake in Rajasthan Royals, which will strengthen their control over the franchise. At the same time, Adar Poonawala will remain a partner with about 18% stake and will also continue to play an important role in the operation of the team.
Additionally, the team’s existing investor Manoj Badale and other shareholders will continue to hold about 7% stake. This makes it clear that despite new investment, partial participation of old investors will also continue.
Experts believe that this deal will further strengthen the brand value of Rajasthan Royals. The Mittal family has a wealth of global business experience and resources, which can benefit the team financially and strategically in the future.
IPL is already one of the most popular and expensive cricket leagues in the world. In such a situation, such a big deal shows that the confidence of investors in the league is continuously increasing.
At present, after this deal, possibilities of changes in the team’s management, strategy and future plans are also being expressed. The eyes of cricket fans and the business world are now fixed on how Rajasthan Royals performs under the leadership of the new owners.
