We Never Withdrew Bid: Kal Somani-led Consortium Claims Sidelining From Rajasthan Royals Sale
Kal Somani: A couple of days after the Mittal family and Adar Poonawalla acquired the IPL franchise Rajasthan Royals, the US-based Kal Somani consortium claimed they were sidelined from the race and insisted they never withdrew their bid.
In March, Kal Somani reportedly agreed to acquire a 100 per cent stake in Rajasthan Royals for a record USD 1.63 billion and the deal was expected to close after the 2026 IPL season.
But on Sunday, Lakshmi N. Mittal and Aditya Mittal announced that a definitive agreement had been reached to acquire the Rajasthan Royals, in partnership with Adar Poonawalla, from Manoj Badale and his consortium. Read More...
