Mittal-Poonawalla Group Buys IPL Franchise for $1.65 Billion
A group led by Lakshmi Mittal and the Poonawalla family is buying an IPL franchise for $1.65 billion, one of the largest sports deals in Indian history. The price underscores how sharply IPL valuations have risen since two new franchises sold for a combined $1.69 billion in 2022.