The Rajasthan Royals are undergoing a historic ownership change. While initial reports suggested a US-based consortium led by Kal Somani would acquire the team, it was officially confirmed in May 2026 that the Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, in partnership with Serum Institute CEO Adar Poonawalla, had acquired a controlling stake in a deal valued at $1.65 billion. The Mittal family will hold a 75% stake, while Poonawalla will own 18%, with the official transition expected to be completed by the third quarter of 2026.
The franchise started its journey in 2008 as one of the original IPL teams. RR created history by winning the first-ever IPL title that same year. The team mixed young Indian talent with experienced international players. This approach became their trademark and set them apart from other franchises.
This article explores the ownership structure of Rajasthan Royals, their business ventures, and important milestones throughout the years.
Details about Rajasthan Royals’ Owners
The franchise is currently transitioning from Royal Multisport Pvt. Ltd. to a new ownership group led by the Mittal Family and Adar Poonawalla. This $1.65 billion acquisition makes RR one of the highest-valued franchises to cross the billion-dollar valuation mark in a private sale, following closely after the sale of RCB. Until the handover is complete, the legacy structure remains under Manoj Badale, who retains a small 7% stake, though the new Mittal-led group will begin taking an active role in the team’s global strategy starting late 2026.
The franchise joined the IPL in 2008 when the league began. Under Manoj Badale’s leadership, Rajasthan Royals built a reputation for smart team-building. They became known for finding underrated players and turning them into stars. The team won the IPL championship in their debut season. This victory earned them a permanent place in IPL history.
Jake Lush McCrum, who served as CEO since 2019, stepped down from his position in September 2025 following a major leadership reshuffle. This period also saw the departure of head coach Rahul Dravid after just one season as the franchise prepared for its massive ownership overhaul and the upcoming 2026 season.
Owner & Business Ventures
Royal Multisport Pvt. Ltd. manages the Rajasthan Royals and runs several other sports ventures. The company supports grassroots programs that promote cricket among young players. They also focus on growing the sport worldwide.
The ownership group makes smart business moves across different areas. They invest in sports technology and form media partnerships. They also build platforms that help fans connect with the team. These efforts strengthen the franchise’s market position.
Lachlan Murdoch’s role brings major media power to the team. His expertise with Fox Corporation helps expand the franchise’s digital and broadcasting reach. This connection has raised the team’s profile and built a strong media presence worldwide.
The owners have also spread their brand globally. They invest in international cricket leagues. The group runs multiple franchise teams, including the Paarl Royals in SA20 and Barbados Royals in the Caribbean Premier League (CPL). While other IPL owners have invested in the Knight Riders brands, the Royals’ primary global footprint is established through their “Royals” branded satellite teams.
Key facts about Royal Multisport Pvt. Ltd.:
| Category | Details |
|---|---|
| Primary Owners | Mittal Family (75%) and Adar Poonawalla (18%) |
| Global Focus | Fan engagement, international marketing, and worldwide brand expansion |
| Youth Development | Partnerships with local clubs and academies to nurture young cricketers |
| Digital Presence | Strong fan base built through strategic media partnerships and digital platforms |
| Social Work | Various initiatives to improve lives in Rajasthan and other parts of India |
RR Net Worth & Brand Value
Following the 2026 acquisition, the Rajasthan Royals’ valuation has skyrocketed to $1.65 billion, reflecting a massive increase since their inception in 2008. This transaction has set a new benchmark for franchise values in global cricket.
The brand value has grown over the years. Strategic sponsorships play a big role in this growth. The iconic first-season championship win still adds to their brand image. Fans remember the 2008 triumph led by Shane Warne. This legacy continues to attract supporters.
Lachlan Murdoch’s involvement has significantly boosted the team’s media reach. His connections help the Royals access global audiences. This exposure adds to their overall brand value and makes them attractive to sponsors worldwide.
RR in IPL 2025
Rajasthan Royals finished 9th in IPL 2025 with just 4 wins from 14 matches. They collected 8 points and recorded a net run rate of -0.549. The season proved difficult for the team. They struggled to find consistency throughout the tournament.
Despite the poor results, some players delivered memorable moments. Vaibhav Suryavanshi became the youngest centurion in IPL history at just 14 years old, scoring 101 off 38 balls against Gujarat Titans. Captain Riyan Parag thrilled fans by hitting six consecutive sixes against Kolkata Knight Riders.
The team avoided last place by beating Chennai Super Kings in their final match. However, problems in both batting and bowling held them back all season. The squad lacked depth in key areas. RR now looks to rebuild and return stronger in the IPL 2026 season under its new multi-billion dollar ownership..
Conclusion – Rajasthan Royals Is Owned By The Mittal Family & Adar Poonawalla
The Rajasthan Royals are entering a new era under the ownership of the Mittal family and Adar Poonawalla. Supported by titans of global industry like Lakshmi Mittal and the head of the Serum Institute, the franchise is now among the most valuable in IPL history. Together, they have shaped the brand and guided the franchise’s growth.
The owners want to grow beyond the IPL. They expand into international markets and support grassroots cricket. Their work has made RR one of the most respected teams in the league. The franchise combines strategic leadership with talent development and smart media partnerships.
Rajasthan Royals continues to evolve as a franchise. Their global brand keeps growing. The future looks bright for the team in both the IPL and international cricket leagues worldwide.
