'Deeply Disappointed': Kal Somani group breaks silence after RR ownership deal fell through
Kal Somani group has opened up for the first time since RR's sale to the Mittal group and Adar Poonawalla.
'Deeply Disappointed': Kal Somani group breaks silence after RR ownership deal fell through originally appeared on Cricket News . Add Cricket News as a Preferred Source by clicking here . KEY TAKEAWAYS: Kal Somani group were in advanced talks to buy the majority stake in RR.
Talks collapsed as RR will ultimately be sold to Adar Poonawalla and the Mittal group. Rajasthan Royals sale faces legal threat from Kal Somani-led US consortium. Rajasthan Royals' talk with Kal Somani fell through In March 2026, it was reported that the current ownership of RR have reportedly agreed to sell the IPL franchise to tech entrepreneur Kal Somani.
However, a little over a month later, reports emerged that the $1. 63 billion agreement to hand over the Rajasthan Royals to a US-based consortium had fallen through. Fresh reports suggested that the team will now be handed over to the Mittal family, who will buy a majority stake in the team and they will also be joined by businessman Adar Poonawalla.
According to MoneyControl , the Mittal family will own approximately own 75% of Rajasthan Royals, with Adar Poonawalla holding approximately 18%. The remaining 7% will be held by approved existing investors, including Manoj Badale. MORE: Rajasthan Royals’ massive ROI after IPL franchise sale: Detailing RR's 2008 buy price vs 2026 valuation Rajasthan Royals sale sparked legal storm Days after the deal fell through with Kal Somani, Cricbuzz reported that the Somani group had already begun urgent consultations with their legal team.