Who is the Owner of Rajasthan Royals?

Updated on: Mar 23, 2023 11:10 am IST

RR Owner

The Rajasthan Royals (RR) is a popular IPL team that represents the city of Jaipur in Rajasthan, India. The team has a unique legacy, being the inaugural champions of the IPL in 2008. However, the journey of RR has been quite tumultuous over the years. The team has seen many ups and downs, including a two-year suspension from the IPL in 2016, owing to their involvement in the infamous spot-fixing scandal. Despite all these challenges, RR has managed to maintain a loyal fan base, who have stood by the team through thick and thin.

Who is the Owner of Rajasthan Royals?

When it comes to the ownership of the Rajasthan Royals team, it has seen many changes over the years. The team was initially owned by a consortium of investors, which included Manoj Badale, Lachlan Murdoch, and others. However, as the years went by, the ownership structure of the team has evolved, and new stakeholders have joined the fray. In this blog, we will take a closer look at Who is the Owner of Rajasthan Royals..

Manoj Badale – Co-founder of Blenheim Chalcot

Manoj Badale is an Indian businessman and investor, who is one of the co-founders of Blenheim Chalcot, a venture capital firm that invests in various technology startups. Badale was also one of the initial investors in the Rajasthan Royals team and held less than 40% stakes in the franchise. However, over the years, he has gradually increased his share in the team. Badale has been associated with RR for over a decade now and has played a significant role in shaping the team’s fortunes.

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Lachlan Murdoch – British businessman

Lachlan Murdoch is a British businessman who runs multiple mass media businesses, including News Corp and Fox Corporation. Murdoch was also one of the initial investors in the Rajasthan Royals team and held less than 40% stakes in the franchise, along with Badale. However, Murdoch has reportedly reduced his stake in the team over the years and is no longer a significant shareholder.

Redbird Capital Partners – US-based private equity firm

Redbird Capital Partners is a US-based private equity firm that has invested in various sports franchises across the world, including Liverpool FC and Boston Red Sox. In 2021, the firm bought a 15% stake in the Rajasthan Royals team for an undisclosed amount. This makes them a part of the Rajasthan Royals owner 2022 group. The entry of Redbird Capital Partners is seen as a significant boost for RR, as the firm brings in a lot of expertise in sports management and investment.

Late Shane Warne – former RR captain

Shane Warne was a former Australian cricketer and one of the greatest spin bowlers of all time. Warne was also the captain of the Rajasthan Royals team in the inaugural season of the IPL, which they went on to win. Warne played for RR for four seasons and received 0.75% of the team’s stakes for every season he played, which equalled to 3% at the end of his IPL career. After Warne’s passing earlier this year, his family is likely to hold the stakes.

In conclusion, the ownership structure of the Rajasthan Royals team has evolved over the years, with new stakeholders joining in and existing ones reducing their stakes. The team is currently owned by a group of investors that includes Manoj Badale, Redbird Capital Partners, and the family of the late Shane Warne. With their combined expertise in business and sports management, the Rajasthan Royals team is poised for success in the upcoming IPL seasons.

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