Who Is The Owner Of Rajasthan Royals – Indian Premier League (IPL) is a famous cricket tournament that attracts millions of viewers from all over the world. The IPL is organized every summer by the Board of Control for Cricket in India, BCCI, and has become one of the most valuable sports leagues globally.
The IPL follows a T20 game format. Ten teams play in the IPL, each representing a different state or city in India. Fans cheer for their home or favorite team, and this is another reason behind the immense popularity of IPL.
One of the most famous IPL franchise is Rajasthan Royals. It won the first IPL in 2008 and has a huge fan following in North India, especially Rajasthan. However, the team and its owners also have a controversial history. So let us know Rajasthan Royals Owner Name –
Who Is The Owner Of Rajasthan Royals (Rajasthan Royals Team Owner Name)
The owner of Rajasthan Royals is Manoj Badle. If we look at it from the stake point of view, Manoj Badale of Emerging Media is its owner. However, in reality, RR i.e. Rajasthan Royals is owned by several majority and minority shareholders such as Lachlan Murdoch and Redbird Media who own RR. However, the majority of decisions regarding the RR team are taken by Manoj Badale.
RR (Rajasthan Royals) is jointly owned by the majority and key minority stakeholders. Manoj Badale is an Indian-born British businessman and venture capitalist born on 31 December 1967 in Dhule, Maharashtra. He has been associated with Rajasthan Royals since the first auction and takes most of the major decisions.
Rajasthan Royals Owner History
Rajasthan Royals is a famous franchise of the Indian Premier League and is headquartered in Jaipur, Rajasthan, India. Rajasthan Royals made their debut in the 2008 IPL and won their first season.
The franchise was the cheapest of the original eight teams and was purchased by Emerging Media for $67 million. Rajasthan Royals used to be one of the most popular and loved teams in the IPL, until a major scandal brought them down in the public eye.
Businessman Raj Kundra and Bollywood actress Shilpa Shetty later bought stake in Rajasthan Royals and became joint owners until 2015, when Kundra was banned for life for his involvement in a betting scam. Rajasthan Royals were also suspended for 2 years.
The ownership of Rajasthan Royals attracted controversy in the early 2010s, when it was revealed that unknown shareholders held a significant stake in the franchise and had placed fraudulent bids in violation of BCCI norms.
Manoj Badale’s Emerging Media owners hold a majority stake of 65 per cent in IPL. Lachlan Murdoch and Redbird Capital are minority stakeholders in RR (Rajasthan Royals). Shane Warne had 3 percent stake in RR.
Who Is Manoj Badle?
The name of the owner of Rajasthan Royals is Manoj Badle. He was recently seen on the field with captain Sanju Samson and Parth Jindal after the match with Delhi Capitals. Emerging Media, a company owned by Manoj Badale, has the highest stake of 65 percent in Rajasthan Royals.
Rajasthan Royals owner Manoj Badale was born on 31 December 1967 in Dhule, Maharashtra. Manoj was educated at Britain’s prestigious Cambridge University and obtained a degree in Economics. Before entering the sports world, he had made a distinct identity for himself in the business world.
Manoj, along with other investors, bought the franchise of Rajasthan Royals in the first season of IPL in 2008. Many stakeholders associated with the team have come and gone, but Manoj Badle remains. Rajasthan surprised everyone by winning the trophy in the very first season of the Indian Premier League under the captaincy of Shane Warne.
Manoj Badle’s Total Net Worth
Before buying the franchise of Rajasthan Royals in the Indian Premier League, Manoj Badale had already made his mark in the world of business. He started an investment company named Blenheim Chalcot in the year 1998. The job of this company is to find innovative business and take it forward. Within a few years, his business gained momentum.
Talking about the net worth of Manoj Badale, according to the report of 2023, his total wealth is more than 160 million US dollars i.e. 1330 crores. It is common for them to travel by private jet along with luxurious houses and luxury cars.
Manoj Badle holds the majority stake in Rajasthan Royals. He holds 65 percent stake in this team, Lachlan Murdoch and Red Bird Capital Partners are his partners in the remaining 35 percent.
FAQs
Who is the owner of Rajasthan Royals now?
The owner of Rajasthan Royals is Manoj Badle.