Indian Premier League (IPL) franchise Rajasthan Royals‘ (RR) owners are all set to sell half of their stakes in order to give it a much-needed financial boost ahead of the 12th edition of India’s biggest money-spinner. It has been reported that the current franchise owners have approached key BCCI officials and intimated their decision to sell around fifty percent of their stakes. Manoj Badale is the principal owner of Rajasthan Royals.

Being anonymous, one of the BCCI officials told PTI, “Yes, Rajasthan Royals are selling a major part of their stakes and the highest bidder will be getting it. What we have heard is that it is around fifty percent and some of the biggest business houses in the country are apparently interested in buying stakes.”

While there are no confirmations as of now but a former IPL franchise Rising Pune Supergiants‘ (RPS) owner Sanjeev Goenka is keen on buying stakes. Goenka was however not available for any comments. Another big industrialist based out of western Indian with multiple business interests is also in the mix.

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Goenka, who is also the principal owner of Indian Super League (ISL) team ATK, had bought the RPS for the two seasons when RR and Chennai Super Kings (CSK) were banned for their involvement in spot-fixing scandal.

Talking about the same, the BCCI official said, “Mr. Goenka has always been interested in coming back after he had a fairly good but short stint in the IPL. His team made it to the finals in one of the years. Let’s wait and watch how it all pans out.”

Royals have been the champions of the inaugural edition of the IPL back in 2008 under the leadership of the legendary Shane Warne.

However, their reputation has only witnessed a downslide since 2013 when three cricketers S Sreesanth, Ankeet Chavan, and Ajit Chandila were arrested on charges of spot-fixing and the franchise being subsequently banned for two years by the Supreme Court-appointed committee.