IPL 2026: Tech entrepreneur Kal Somani-led group wins $1.63 billion Rajasthan Royals bid

A US-led consortium has secured the Rajasthan Royals IPL franchise. Entrepreneur Kal Somani heads the group that bid $1.63 billion. This marks a significant ownership change for the popular team. Prominent US investors, including members of the Walton and Hamp families, are backing the deal. The acquisition highlights the growing value of IPL teams.