{"id":2343327,"date":"2026-03-24T10:01:33","date_gmt":"2026-03-24T10:01:33","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2343327"},"modified":"2026-03-24T10:01:33","modified_gmt":"2026-03-24T10:01:33","slug":"kal-somani-led-consortium-buys-rajasthan-royals-for-1-63-billion-cricket-news","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/kal-somani-led-consortium-buys-rajasthan-royals-for-1-63-billion-cricket-news\/","title":{"rendered":"Kal Somani-led consortium buys Rajasthan Royals for $1.63 billion | Cricket News"},"content":{"rendered":"<p><\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ \" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>A consortium led by US-based entrepreneur Kal Somani has won the bid to own the <a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/topic\/rajasthan-royals\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Rajasthan Royals<\/a> franchise. Somani has led enterprises in ed-tech, data privacy, AI governance and sports tech. Somani is the founder of global giants such as IntraEdge, Truyo, Truyo.AI and Academian.<span class=\"id-r-component br\" data-pos=\"4\"\/>Somani is being backed by American business Rob Walton, of the Walmart family, and the Hamp family that also has majority stakes in <a target=\"_blank\" href=\"http:\/\/timesofindia.indiatimes.com\/sports\/nfl\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">NFL<\/a>&#8216;s Detroit Lions. Sheila Ford Hamp also roots in the Ford family that holds a significant stake in Ford Motor Company. <span class=\"id-r-component br\" data-pos=\"8\"\/>The consortium is learned to have put in a bid of $1.63 billion (\u00a31.2 billion).<span class=\"id-r-component br\" data-pos=\"10\"\/>\u201cWe see huge potential with this investment, and we are excited for the future of the IPL\u201d, Somani had said in 2021 when he invested in Rajasthan Royals.<span class=\"id-r-component br\" data-pos=\"12\"\/>Somani&#8217;s association with sports lies as the co-owner of Motor City Golf Club and was an early investor in TMRW Sports and TGL Golf League. <span class=\"id-r-component br\" data-pos=\"14\"\/>The current owners of the Royals were in talks for the last six months for a 100% sale of the team.<\/p>\n<div data-type=\"in_view\" class=\"O6hu2 tHlBa  \"><a target=\"_blank\" href=\"https:\/\/timesofindia.indiatimes.com\/microsite_v2\/website-toisa,path-book_pass_2026.cms?utm_source=TOI&amp;utm_medium=Masthead_sports\" commonstate=\"[object Object]\" rel=\"noopener\" frmappuse=\"1\"><img decoding=\"async\" alt=\"Banner Insert\" imgsize=\"23456\" resizemode=\"4\" title=\"\" offsetvertical=\"0\" placeholdersrc=\"\" placeholdermsid=\"\" msid=\"\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/photo\/129493222.cms\" data-api-prerender=\"true\"\/><\/a><\/div>\n<\/div>\n<\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source timesofindia.indiatimes.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium led by US-based entrepreneur Kal Somani has won the bid to own the Rajasthan Royals franchise. Somani has led enterprises in ed-tech, data privacy, AI governance and sports tech. Somani is the founder of global giants such as IntraEdge, Truyo, Truyo.AI and Academian.Somani is being backed by American business Rob Walton, of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2343328,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[43],"tags":[345887,454386,454384,304804,324902,454385,111735],"class_list":["post-2343327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-royalty","tag-detroit-lions","tag-hamp-family","tag-kal-somani","tag-nfl","tag-rajasthan-royals","tag-rob-walton","tag-walmart"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/03\/Kal-Somani-led-consortium-buys-Rajasthan-Royals-for-163-billion.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2343327"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343327\/revisions"}],"predecessor-version":[{"id":2343329,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2343327\/revisions\/2343329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2343328"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2343327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2343327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2343327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}