Rajasthan Royals, a privately owned entity based in India, was founded in 2008 and employs approximately 180 individuals. The team reported $9.7M in revenue as of 2023. Functioning as a professional franchise cricket team specializing in spectator sports, the Rajasthan Royals are based in Jaipur, Rajasthan, and actively participate in the Indian Premier League.
The sales of Indian Premier League (IPL) franchises Rajasthan Royals and Royal Challengers Bengaluru for a combined USD 3.4 billion are set to yield the BCCI an estimated Rs 1550-₹1583 crore through its 5% transfer clause, according to a March 27 report. Earlier on March 27, the family of late Australian legend Shane Warne became set to earn over INR 450 crore following the Rajasthan Royals' sale to a consortium led by US-based entrepreneur Kal Somani for a reported $1.63 billion (INR 15286 Cr), recognizing Warne's strategic financial moves. This follows the March 26 announcement that the $1.635 billion (₹15290 crore approx) deal for the Indian Premier League's original franchise Rajasthan Royals, led by Arizona-based tech entrepreneur Kal Somani, also encompasses the Royals' Caribbean Premier League (CPL) and SA20 teams. Separately, on March 26, Royal Challengers Bengaluru also found new ownership with a consortium led by Aditya Birla Group, The Times of India Group (TOI), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy (BXPE Blackstone).
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