Global steel powerhouse ArcelorMittal has reportedly entered the race to acquire a stake in Rajasthan Royals, adding fresh momentum to one of the biggest ownership developments in the Indian Premier League. The inaugural IPL champions are currently exploring the sale of a majority stake, with expectations of a valuation exceeding $1 billion.
According to reports, the Mittal family is keen to expand its footprint in global sports. Their recent investment in the Boston Celtics reflects a broader strategy to build a diversified sports portfolio, and the Rajasthan Royals are now seen as a valuable opportunity in the rapidly growing Indian sports market.
Multiple bidders have already shown strong interest in the franchise. At least four parties submitted binding bids before the March 17 deadline, highlighting the growing demand for IPL team ownership. Among them is a powerful consortium backed by the Aditya Birla Group and American investor David Blitzer, both of whom are looking to secure a controlling stake.
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Currently, the franchise is largely owned by Emerging Media IPL Ltd, led by Manoj Badale, which holds a 65 per cent share. Other stakeholders include RedBird Capital Partners, Lachlan Murdoch, and smaller investors.
Global steel giant Arcelor Mittal have reportedly entered the race to buy Rajasthan Royalshttps://t.co/Ti1dOnwtgc
— News18 CricketNext (@cricketnext) March 18, 2026
Meanwhile, developments around the Royal Challengers Bengaluru have also caught attention. Reports suggest that several high-profile bidders, including the Glazer family and Adar Poonawalla, have exited the race to acquire the franchise.
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The bidding process for RCB is now down to two serious contenders—EQT and a consortium featuring Ranjan Pai, KKR & Co., and Temasek. With valuations soaring—RCB reportedly priced at $2 billion by Diageo—the IPL continues to solidify its position as one of the most lucrative sporting leagues globally.
