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Rajasthan Royals: The deal that looked done — until it wasn’t
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Rajasthan Royals: The deal that looked done — until it wasn’t
By Palak Devpura For a few weeks earlier this year, the sale of the Rajasthan Royals looked complete. The valuation was historic, the buyers sounded glamorous, and American sports money was entering Indian cricket at scale for the first time. To everyone outside the deal room, the acquisition by the Kal Somani-led consortium appeared inevitable. Then, in late April, the deal quietly collapsed. Another consortium — led by Lakshmi Mittal, his fami…
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