Rajasthan Royals Established as another IPL Title contender; Kal Somani secures Franchise for Approximately USD 1.6 Billion The winning bidder, the Times Group was the second-highest bid in the fray, with Somani already as shareowner in the team.
Somani will head a consortium that includes global retail giant Walmart With this bargain, his aggregate possesses 100 percent of the establishment encouraging them, the total supporters of one of the IPL’s unique groups.
Shahian is expected to officially take over after the close of the 2026 season. Current leadership under Manoj Badale, representing Emerging Media, will remain in place until then.
Somani, who is based in Scottsdale, Arizona, has a wide variety of business interests. In addition to cricket, he also actively participates in golf. He is a co-founder of Motor City Golf Club, which has connections to legendary golfer Tiger Woods. His son, Arjun Somani, is also carving a niche for himself on the US junior golf circuit.
Kal Somani’s portfolio covers several industries, from academics to sports, and he has founded and invested in many companies.
information source: https://www.cricbuzz.com/cricket-news/138137/kal-somani-acquires-rajasthan-royals-for-usd-16-billion
