Who is the owner of rajasthan royals
When we talk about any cricket franchise, the question that naturally arises is – who are the owners? Every team in any sport requires a financial backer to ensure smooth sailing. So when it comes to Rajasthan Royals, one of the eight teams in the Indian Premier League (IPL), the active interest lies not only on their performance but also on understanding who owns them.
Understanding Rajasthan Royals and IPL
Before diving into discussing ownership, let’s understand what Rajasthan Royals signify and its relevance in the world of cricket. Formed in 2008 as part of the inaugural IPL season, Rajasthan Royals have established a reputation for being one of the steadfast teams in the league’s exciting history. Based out of Jaipur, Rajasthan, they are known for conservative spending compared to other franchises but achieving remarkable results often surpassing bigger spending clubs.
The concept behind IPL was creating an elite T20 Cricket competition featuring India’s finest players together with international stars turning out for franchised city-based sides—akin to football leagues globally. The inception saw various prominent industrialists and celebrities battling out in aggressive bidding wars to acquire these franchises—a mix of sportsmanship and strategic business investments wrapped in glory and glamour. Among those successful bidders was Emerging Media group led by Manoj Badale which won the right to establish what has come today as Rajasthan Royals.
The Primary Ownership: Emerging Media
Manoj Badale, a British Indian businessman with a keen interest in cricket, took up the reins of this new venture; he wound up owning 51% stake through his UK based company Emerging Media. Over time, as Badale consolidated control over Rajasthan Royals, it is now largely owned by his company – Emerging Media IPL Ltd (EMIPL) – which holds approximately 65% of shares.
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Royals’ Co-Owners
Intriguingly though, three additional prominent personalities from various walks of life joined Badale over time; adding further glamour and attraction to the Royals. Firstly, in 2009 Bollywood star Shilpa Shetty Kundra and her husband Raj Kundra bought an 11.7% stake through their company S2 Global Productions Pvt Ltd. After running into a controversy though, they disassociated themselves with the team in July ’15.
Subsequently Lachlan Murdoch, son of Rupert Murdoch (Media Magnate), also bought a considerable stake of around 11.5% initially via his investment firm Illyria Pty Ltd., Australian Shane Warne, who led the Royals to their solitary IPL title back in 2008, holds a minor stake too acquired in lieu with his services as mentor/coach standing today reportedly around 3%.
A Look Into The Financial Aspect
From finance perspective, Rajasthan Royals was valued at approximately $76 million in 2019 according to certain reports which marks significant growth since inception considering the franchise was purchased for nearly $67m in ’08 by Energy Media Group.
The ownership structure reflects genuine vested interest with individuals passionate about cricket involved having direct stakes—and thus a direct financial interest—in the successes or failures of the team. This fosters not just profit-driven decision-making practices but add zeal to strategic decisions ensuring winning becomes paramount while also organically uplifting brand value promoting long-term sustainability & viability.
In conclusion, entering IPL as one of the least expensive teams—punching way above its weight consistently —the story of ownership of Rajasthan Royals is a testament showcasing an achievable synergy between sportsmanship spirit and rationale economic investment benefiting game & business alike. Beyond names of owners – whether it’s Manoj Badale, Lachlan Murdoch, or Shane Warne—the magic lies in the power this conglomerate brings together making this T20 franchise successful on-field along with off-field engagements portraying perfect “partnership innings”.
