IPL: When will Kal Somani-led consortium's Rajasthan Royal buy come into effect?
NEW DELHI: As IPL 2026 nears, a major off-field development has taken centre stage, with Rajasthan Royals , the champions of the inaugural edition of the Indian Premier League ( IPL ), being acquired for a massive $1.63 billion by a consortium led by US-based entrepreneur Kal Somani.
Despite the scale of the deal, the ownership transition will only come into effect after the conclusion of the 2026 season, meaning the current structure will remain in place for now.
Somani is not new to the franchise, having been a minority investor since 2021.
With this latest move, he is set to take full control, significantly raising the franchise’s global valuation.
Known for his strong presence in the American tech industry, Somani heads companies like IntraEdge, Truyo & Truyo.AI, and Academia and has gradually expanded his interests into the sports world through investments and ownership roles.
Despite the scale of the deal, the ownership transition will only come into effect after the conclusion of the 2026 season, meaning the current structure will remain in place for now.
Somani is not new to the franchise, having been a minority investor since 2021.
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With this latest move, he is set to take full control, significantly raising the franchise’s global valuation.
Known for his strong presence in the American tech industry, Somani heads companies like IntraEdge, Truyo & Truyo.AI, and Academia and has gradually expanded his interests into the sports world through investments and ownership roles.
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