Indian Premier League franchise Rajasthan Royals’ owners are all set to sell half of their stakes in order to give it a much needed financial boost ahead of the latest edition.
It has been learnt that the current franchise owners has approached key BCCI officials and intimated their decision to sell around fifty percent of their stakes. Manoj Badale is the principal owner of Rajasthan Royals.
“Yes, Rajasthan Royals are selling a major part of their stakes and the highest bidder will be getting it. What we have heard is that it is around fifty percent and some of the biggest business houses in the country are apparently interested in buying stakes,” a senior BCCI official privy to the development told news agencies .
While there are no confirmations as of now but a former IPL franchise Rising Pune Supergiants’ owner Sanjeev Goenka is keen on buying stakes. Goenka was however not available for any comments. Another big industrialist based out of western Indian with multiple business interests is also in the mix.
Goenka, who is also the principal owner of Indian Super League (ISL) team ATK, had bought the Pune franchise (Rising Pune Supergiants) for the two seasons when Rajatshan Royals and Chennai Super Kings were banned for their involvement in spot-fixing scandal.
