Sun, Jun 21 2026
News
News

Royals Sale Controversy: Somani Consortium Slams ‘Unfair’ Bidding Process

The high-profile U.S. investor group led by Kal Somani has voiced strong dissatisfaction after losing the Rajasthan Royals franchise sale to Lakshmi Mittal and Adar Poonawalla, claiming their superior $1.635 billion bid was overlooked in a process they say lacked transparency and fairness.

Zane Desai · May 5, 2026 · 3 min read