RR sale controversy: Kal Somani group alleges irregularities, to send legal notice to BCCI after Mittal-Poonawalla deal
RR sale controversy: Kal Somani group alleges irregularities, to send legal notice to BCCI after Mittal-Poonawalla deal originally appeared on Cricket News . Add Cricket News as a Preferred Source by clicking here . KEY TAKEAWAYS: Rajasthan Royals sale faces legal threat from Kal Somani-led US consortium.
Somani group blames RR management for deliberately delaying the finalisation process. Badale's continued role in the new setup was a major sticking point for buyers. Rajasthan Royals sale sparks legal storm as rejected Kal Somani Group prepare to fight back Kal Somani's consortium, which was reportedly within touching distance of completing the Rajasthan Royals acquisition for $1.
63 billion before the sale was announced to a different set of buyers on Sunday, is preparing to take the matter to court. Somani's consortium consists of fellow American businessman Rob Walton of Walmart and the Hamp family, the owners of the Detroit Lions. According to Cicbuzz, the Somani group has already begun urgent consultations with their legal team.
"We have had calls this morning with legal and PR in the USA. We are deciding on our PR. A legal letter will be sent today," said a source close to Somani to Cricbuzz .
It has been suggested that a formal letter may also be directed at the Board of Control for Cricket in India. Both sides appear to be pointing fingers at each other over why the deal collapsed. The official version suggests that Somani failed to make payment within an agreed one-month exclusivity window, effectively voiding his position as the preferred buyer.