The Rajasthan Royals are currently owned by a consortium led by US-based tech entrepreneur Kal Somani , which has agreed to acquire 100% of the franchise for about USD 1.63 billion (around ā‚¹15,300 crore).

Quick Scoop: Who Owns Rajasthan Royals?

  • As of early 2026, a Somani-led consortium has struck a deal to buy 100% equity in the Rajasthan Royals.
  • The reported deal value is about USD 1.63 billion (ā‰ˆ ā‚¹15,300 crore) , making it one of the biggest franchise sales in IPL history.
  • The sale is reported to take effect after the IPL 2026 season , meaning current structures may still be in place during the upcoming tournament.

Before the New Deal

  • Up to 2024ā€“early 2026, the franchise was majority controlled by Royals Sports Group / Emerging Media , led by Manoj Badale, with about a 65% stake.
  • Minority stakes were held by Lachlan Murdoch and RedBird Capital Partners , among others.
  • The official IPL listing for 2026 still names Royal Multisport Private Limited as the ā€œOwnerā€ entity for Rajasthan Royals.

Key Entities Involved

  • Current buyer group : Kal Somaniā€“led consortium, reportedly backed by Rob Walton (of the Walmart family) and the Hamp family.
  • Previous controlling group : Manoj Badaleā€™s Emerging Media / Royals Sports Group , operating via Royal Multisport Private Limited.

In simple terms:
Right now, ownership is in transition ā€” historically with Manoj Badaleā€™s Emerging Media, moving towards full control by the Kal Somaniā€“led consortium once the 2026-season-effective sale is formally completed.

Note: Information gathered from public forums or data available on the internet and portrayed here.