A consortium led by US-based entrepreneur Kal Somani has won the bid to own the Rajasthan Royals franchise. Somani has led enterprises in ed-tech, data privacy, AI governance and sports tech. Somani is the founder of global giants such as IntraEdge, Truyo, Truyo.AI and Academian.
Somani is being backed by American businessman Rob Walton, of the Walmart family, and the Hamp family that also has majority stakes in NFL's Detroit Lions. Sheila Ford Hamp is also part of the Ford family that holds a significant stake in Ford Motor Company.
The consortium is learned to have put in a bid of $1.63 billion (£1.2 billion).
