Rajasthan Royals was the first team to lift the IPL trophy as they won the trophy in the first edition. Now the ownership of the franchise is over and it is sold to a consortium led by US-based entrepreneur Kal Somani.
It is said that the ownership has acquired 100 per cent of the franchise at a valuation of $1.63 billion (Rs 15,286 crore). Talking about the new owner, Somani is the founder of IntraEdge, Academian, and Truyo.AI. He is backed by American businessman Rob Walton, of the Walmart family, and the Hamp family, who own majority stakes in National Football League (NFL) side Detroit Lions.
Rajasthan Royals has also announced Sri Lankan all-rounder and T20I captain Dasun Shanaka as the replacement for the upcoming season.
Keep browsing Sporting Avenue to get more interesting news from the world of sports. You can follow us on Facebook, Twitter, and Instagram to get the notifications instantly.
