Tag
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.
The Mittal family and Adar Poonawalla have acquired Rajasthan Royals for Rs 15,660 crore, with the Mittals holding ~75% and Poonawalla ~18%. The deal sets a new valuation benchmark for IPL franchises and signals continued strong investor appetite for T20 cricket assets.
Punjab Kings defeated Mumbai Indians in the IPL, moving to the top of the points table with their fourth win of the season. Arshdeep Singh and Prabhsimran Singh were the key performers, while MI extended their losing run to four consecutive games.
Tag
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.
1mo ago · 2 min · Business
The Mittal family and Adar Poonawalla have acquired Rajasthan Royals for Rs 15,660 crore, with the Mittals holding ~75% and Poonawalla ~18%. The deal sets a new valuation benchmark for IPL franchises and signals continued strong investor appetite for T20 cricket assets.
1mo ago · 2 min · Business
Punjab Kings defeated Mumbai Indians in the IPL, moving to the top of the points table with their fourth win of the season. Arshdeep Singh and Prabhsimran Singh were the key performers, while MI extended their losing run to four consecutive games.
2mo ago · 1 min · Big Stories
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