Mittal family and Adar Poonawala acquire Rajasthan Royals for approximately $1.65 billion
A consortium of Lakshmi N Mittal, Aditya Mittal and Adar Pooonawala has acquired the IPL franchise Rajasthan Royals and its sister entities (Paarl Royals and Barbados Royals) for around $1.65 billion, TOI has learnt. A press release regarding this is expected to be issued soon. After regulatory checks, including approvals from the BCCI, Competition Commission…