Not a done deal yet? RR yet to be sold as new rival consortium makes fresh offer to compete with Kal Somani & Co.
Not a done deal yet? RR yet to be sold as new rival consortium makes fresh offer to compete with Kal Somani & Co. originally appeared on Cricket News .
Add Cricket News as a Preferred Source by clicking here . KEY TAKEAWAYS: A rival consortium has submitted a new binding offer to acquire Rajasthan Royals. The original Somani-led group is still in the race but now seeking a smaller stake.
The Royals were bought for $67 million in 2008 and are now valued at $1. 63 billion. Five weeks on, the Rajasthan Royals deal is still not done The $1.
63 billion agreement to hand over the Rajasthan Royals to a US-based consortium led by tech entrepreneur Kal Somani has reportedly hit a fresh roadblock. According to State of Play Club , a rival group has tabled a fresh binding offer, throwing the ownership race back open. However, Somani & Co.
are reportedly still in the picture, though it is now looking at taking a smaller piece of the pie rather than the full ownership it originally sought. MORE: Who will buy Rajasthan Royals? Full list of potential buyers interested 🚨 Dropping a @stateofplayclub exclusive: Five weeks after that $1.