Lalit Modi, former chairman of the Indian Premier League, wants to buy the Rajasthan Royals franchise. Last year, Rajasthan Royals owner Manoj Badale had confirmed the sale of the team and in January 2026, a bid of US $ 1.3 billion was placed on the RR team. This bid was placed yesterday by Somani, who has been a shareholder in the Rajasthan Royals franchise since 2021.
According to Khel Now, Lalit Modi has formed an association with Somani yesterday. It is being told that Modi and Somani are going to meet all the officials related to the sale of the team on March 16. Let us tell you that after Modi was found guilty of misbehavior, indiscipline and financial irregularities, the Board of Control for Cricket in India (BCCI) had banned him for life.
The Rain Group is overseeing the entire process of the sale of Rajasthan Royals team. According to the report, the last date for the sale of RR team has already been fixed as 31st March. Let us also tell you that apart from Modi and Somani, many people have also shown interest in buying the Rajasthan team.
Who showed interest in buying RR?
Aditya Birla Group and David Blitzer have come together and shown interest in purchasing the Rajasthan Royals team. Times Internet Chairman Satyan Gajwani and his partner, Adar Poonawala and his partner, Lalit Modi and Kal Somani, all these people have shown interest in buying the RR team.
Who are the shareholders in RR now?
At present, if we talk about the owners of Rajasthan Royals team, currently 65 percent stake is with Manoj Badale. Red Bird Capital Partners holds 15 percent, Lachlan Murdoch holds 13 percent and the remaining 7 percent is divided among other shareholders.
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