Who owns Rajasthan Royals? Check complete details

Published on: Mar 24, 2023 9:02 pm IST|Updated on: Mar 24, 2023 9:02 pm IST

Who owns Rajasthan Royals

The Rajasthan Royals (RR) is an IPL team from Jaipur, Rajasthan. The team has a distinctive history as the first champions of the IPL in 2008. However, the journey of RR has been rocky, marked by various setbacks, including their involvement in the spot-fixing scandal, which led to their two-year suspension from the IPL in 2016. Nevertheless, RR has maintained a steadfast and devoted fan base, who have supported the team throughout its highs and lows.

Who owns Rajasthan Royals? Check complete details

The Rajasthan Royals (RR) is a popular IPL team that has a unique legacy in the Indian Premier League. The team represents the city of Jaipur in Rajasthan, India, and was the inaugural champion of the IPL in 2008. However, the journey of RR has been quite tumultuous over the years, and the team has seen many ups and downs. One of the significant challenges faced by the team was 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.

When it comes to the ownership of the Rajasthan Royals team or Who owns Rajasthan Royals, 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.

Who owns Rajasthan Royals, 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 one of the initial investors in the Rajasthan Royals team and held less than 40% stakes in the franchise. 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. He is also the lead owner and Chairman of Rajasthan Royals.

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.

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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.

The team also had another former player as part of their ownership group. 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. He 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.

Despite the ownership changes, the Rajasthan Royals team has remained a competitive team in the IPL. Under the leadership of Sanju Samson, the team has a talented group of players who can turn the game on its head at any moment. Some of the key players for the team include Jos Buttler, Ben Stokes, Jofra Archer, and Chris Morris, among others.

One of the significant advantages of having Badale as the lead owner is his focus on using technology to enhance the team’s performance. The Rajasthan Royals have been at the forefront of using data analytics and technology to scout new talent and identify areas where the team can improve. The team has also been involved in several social initiatives, including promoting women’s cricket and supporting various charities.

Related: Who is KKR owner?

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