The IPL 2026 season is about to start, but even before that Rajasthan Royals has got a new owner. American-born businessman Kal Somani has bought the Rajasthan Royals team. This agreement has been signed for 1.63 billion dollars (about Rs 15300 crore). This deal has become the most expensive deal in IPL history so far. However, this agreement will come into effect after IPL 2026. That means this season its ownership will remain with the old owner.
Harsha Bhogle tweeted about the agreement
Famous commentator Harsha Bhogle posted on X, ‘Rajasthan Royals team has been sold for 1.63 billion US dollars. London Spirit, the most expensive team, was valued at US$370 million when the stake in The 100 was sold. At the same time, when former Indian captain Sourav Ganguly was asked about this during a program, he expressed happiness. Ganguly said, there is great news for IPL. These are shocking figures.
VIDEO | Noida: “Great news for IPL, mind blowing numbers”, says former cricketer Sourav Ganguly on RR being sold for 1.63 Billion dollars.
(Full video available on PTI Videos – https://t.co/n147TvrpG7) pic.twitter.com/NYxB3uUK2H— Press Trust of India (@PTI_News) March 24, 2026
Kaal Somani has been associated with sports
Over the past 15 years, Somani has founded and led ventures focused on ed-tech, data privacy, AI governance, and sports tech. This is not the first time Somani has expressed interest in sports. Previously he co-owned Motor City Golf Club and invested in TMRW Sports and the TGL Golf League. According to news agency IANS, the agreement has been signed, but it will come into effect after the IPL 2026 season. That means Kal Somani will get its ownership after IPL 2026.