$1.6 Billion Buyout of Rajasthan Royals Franchise Delayed on Funding After Raj Kundra Urged BCCI not to Approve the Transaction
$1.6 Billion Buyout of Rajasthan Royals Franchise Delayed on Funding After Raj Kundra Urged BCCI not to Approve the Transaction
The proposed $1.63 billion buyout of Indian Premier League (IPL) franchise Rajasthan Royals has been pushed further due to funding hurdles within the lead investor group, regulatory obstacles and complexities connected to the structure of the consortium of buyers, said those familiar with the instance. The Somani-led consortium features global investors including Rob Walton, an heir to the Walmart empire and principal owner of the NFL's Denver Broncos, and Sheila Ford Hamp, principal owner of the NFL franchise Detroit Lions, and her son Michael Hamp.
Manoj Badale, Rajasthan Royals’ co-owner and an active promoter of Royals Sports Group said, “The Kal Somani ...





