Indian Premier League franchise Rajasthan Royals has new ownership as renowned industrialist Lakshmi N. Mittal and his son Aditya Mittal, along with Adar Poonawalla, have acquired a majority stake in Rajasthan Royals with a bid of $ 1.65 billion, which is approximately Rs 15,600 crore.
The development comes as the Kal Somani–Rob Walton–Sheila Ford Hamp consortium pulled out of the race. This consortium had offered $1.63 billion, in the days leading up to the start of the 2026 season of the league, but as pe reports, it didn’t pass due diligence due to multiple issues.
The deal is expected to close in third quarter of 2026.
RR is, notably, having a good run in the ongoing season of the IPL as they are fourth on the points tally with six wins and four losses from 10 matches.
As RR sees an ownership change, we look at four key records of the IPL side:
1. IPL’s first-ever champions
Rajasthan Royals will forever hold the distinction of being the IPL’s first-ever winners. They won the inaugural season of the IPL in 2008 after defeating Chennai Super Kings in a thrilling final. The team was led by legendary cricketer Shane Warne.
2. IPL’s oldest debutant has played for Rajasthan Royals
IPL’s oldest debutant has played for Rajasthan Royals. Pravin Tambe holds the record of being the oldest player to make his debut in the IPL. He achieved the feat when he played for Rajasthan Royals in the 2013 season at the age of 41. Tambe stayed with RR for three seasons, until 2015, played 26 matches picked 23 wickets. One of the highlights of Tambe’s time at RR was a hat-trick that he took against Kolkata Knight Riders in 2014.
3. IPL’s youngest debutant has also played for Rajasthan Royals
At the other end of the age spectrum is Vaibhav Sooryavanshi, who is the youngest-ever cricketer to debut in the IPL. Sorryavanshi became the league’s youngest-ever player when Rajasthan Royals handed him the debut at the age of 14 during the 2025 edition. Sooryavanshi has since taken the league by storm, hitting the second and the third quickest hundred in competition’s history.
4. Most Tons By An Overseas Player
Jos Buttler holds the record of being the overseas batter with most number of centuries in the history of the league. The Englishman has struck seven centuries and all of those hundreds came when he was a Rajasthan Royals player.
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