Last Updated:
In a late twist, a report claims that the Arcelor Mittal promoter family is evaluating a buyout of 2008 IPL champions Rajasthan Royals.
RR recently announced Riyana Parag (left) as their captain for IPL 2026. (PTI Photo)
Global steel giant Arcelor Mittal are said to have entered the race to buy IPL franchise Rajasthan Royals. The 2008 champions are in the process of selling a majority stake in the franchise, targeting a USD 1 billion-plus valuation.
As per Money Control, the Mittal family is interested in expanding their sports portfolio having picked up a stake in National Basketball Association (NBA) team Boston Celtics last year.
“After picking up a stake in NBA team Boston Celtics as part of a consortium, the Mittal family is keen on bolstering its sports portfolio with a prized India asset and feels this was a good opportunity. They are bullish on this space as a group.” the publication quoted a source as saying.
At least four parties have submitted proposals to buy stake in Rajasthan Royals. The deadline for submitting binding bids ended in the early hours of March 17.
March 18, 2026, 13:06 IST
Read More
