Overview
- Coverage cites four shortlisted bidders for Rajasthan Royals: Aditya Birla Group with David Blitzer, Satyan Gajwani, Adar Poonawalla, and a Kal Somani–Lalit Modi pairing.
- Somani, already a minority investor in the franchise, is reported to have teamed up with Modi, with involved parties slated to meet on March 16 to advance the process.
- Modi, the IPL’s founding chairman who was banned for life by the BCCI over misconduct findings, is reported to be pursuing re-entry through the Somani consortium.
- Articles report a floor valuation of about $1.1 billion and outline current ownership as Emerging Media Ventures 65%, RedBird Capital 15%, Lachlan Murdoch 13%, and other minorities 7%.
- InsideSport reports March 31 as a target date for the sale and notes some bidders are also tracking a potential Royal Challengers Bengaluru transaction, with no official confirmations yet.