US Entrepreneur Kal Somani Leads $1.63bn Acquisition of Rajasthan Royals Ahead of IPL 2026

US tech entrepreneur Kal Somani has led a consortium, backed by investors like Rob Walton and Sheila Ford Hamp, to buy 100% of Rajasthan Royals for $1.63 billion. This unprecedented deal reflects the IPL's soaring valuation and growing global appeal as a sports business. Moving forward, stakeholders will watch how this new ownership shapes Rajasthan Royals' strategy and the IPL's expansion before the 2026 season.