Mittal Family and Adar Poonawalla to Acquire Majority Stake in Rajasthan Royals for $1.65 Billion
32 minutes agoBusiness
40LENS
32 SourcesMichigan, United States
TBNthebalanced.news

Mittal Family and Adar Poonawalla to Acquire Majority Stake in Rajasthan Royals for $1.65 Billion

The Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, in partnership with Adar Poonawalla, has reached a definitive agreement to acquire a 75% stake in the Rajasthan Royals IPL franchise for approximately USD 1.65 billion. The deal includes ownership of associated teams Paarl Royals and Barbados Royals and is expected to close by Q3 2026, pending regulatory approvals. The previous US-based consortium led by Kal Somani withdrew due to funding and due diligence issues. Existing investor Manoj Badale will retain a 7% stake and continue in a supporting role.

Political Bias
0%100%0%
Sentiment
71%
AI analysis of 15 sources · Published under editorial oversight by The Balanced News
Analysed 3 May 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 32 sources
● Left 0%● Center 100%● Right 0%

The article group presents a largely business-focused narrative with minimal political framing. Coverage includes perspectives from the Mittal family, Adar Poonawalla, existing owners, and regulatory bodies, emphasizing the transaction's commercial and procedural aspects. The failed US consortium's challenges are noted without assigning blame, maintaining neutrality. Stakeholder quotes highlight personal and regional connections without political overtones.

Sentiment — Positive (71/100)

The overall tone across the articles is positive and optimistic, highlighting the significance of the acquisition and the Mittal family's connection to Rajasthan. Lalit Modi's supportive remarks reinforce a favorable sentiment. While the failed US consortium's withdrawal is mentioned, it is presented factually without negative language, resulting in a balanced but predominantly positive coverage of the ownership transition.

How 15 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

SourceTheir headlineBiasSentiment
opindiaMittal family and Adar Poonawalla purchases IPL team Rajasthan Royals for US 1.65 billionCenterPositive
thehinduMittal family buys 75 stake in Rajasthan Royals for about 15,600 crore; Somani deal falls throughCenterPositive
indiatvnewsWho is Lakshmi Mittal, new owner of IPL franchise Rajasthan Royals?CenterPositive
news18Who Is Lakshmi Mittal? Rajasthan Royals' New Owner With A Net Worth Of Rs 1.6 Lakh CroreCenterPositive
firstpostWho are Rajasthan Royals' new owners? All you need to know about new takeover after Kal Somani-led consortium's exitCenterNeutral
hindustantimesMittals and Poonawalla acquire Rajasthan Royals for 1.65bnCenterPositive
thestatesmanIPL Shocker: Mittal family, Adar Poonawalla acquire Rajasthan Royals in 1.65B dealCenterPositive
thefinancialexpressRajasthan Royals sold to Lakshmi Mittal, son Aditya Mittal for Rs 15,600 cr after US consortium pulls outCenterPositive
economictimes'IPL in safest hands': Lalit Modi backs Mittal-Poonawalla takeover of Rajasthan RoyalsCenterPositive
freepressjournal'IPL In Safest Of Hands': Lalit Modi Reacts As Mittal Family Adar Poonawalla Set To Acquire Rajasthan Royals In Whopping 15,660 Crore DealCenterPositive
theassamtribuneNew era for Rajasthan Royals as Mittals, Poonawalla seal 1.65bn buyoutCenterPositive
republicworldMittal Family, Adar Poonawalla Become New Rajasthan Royals Owners, Seal Approx 1.65 Billion DealCenterPositive
businessstandardMittal family, Adar Poonawalla acquire Rajasthan Royals for 1.65 billionCenterPositive
oneindia156,000,000,000 IPL Deal: Mittal Family to Hold 75 in Rajasthan Royals, Poonawalla Joins as Key StakeholderCenterPositive
zeenewsWho is Lakshmi Mittal? RR new owner who is known as 'King of steel'; has net worth of Rs 1,80,000,00,00,000 bought Vaibhav Sooryavanshi's team at Rs 15,660 cr with Poonawala and Badale - In picsCenterPositive

Coverage timeline

zeenews broke this story on 3 May, 10:30 am. Other outlets followed.

  1. 1
    zeenews3 May, 10:30 am
    Who is Lakshmi Mittal? RR new owner who is known as 'King of steel'; has net worth of Rs 1,80,000,00,00,000 bought Vaibhav Sooryavanshi's team at Rs 15,660 cr with Poonawala and Badale - In pics
  2. 2
    oneindia3 May, 10:31 am
    156,000,000,000 IPL Deal: Mittal Family to Hold 75 in Rajasthan Royals, Poonawalla Joins as Key Stakeholder
  3. 3
    businessstandard3 May, 10:33 am
    Mittal family, Adar Poonawalla acquire Rajasthan Royals for 1.65 billion
  4. 4
    republicworld3 May, 10:37 am
    Mittal Family, Adar Poonawalla Become New Rajasthan Royals Owners, Seal Approx 1.65 Billion Deal
  5. 5
    theassamtribune3 May, 10:46 am
    New era for Rajasthan Royals as Mittals, Poonawalla seal 1.65bn buyout
  6. 6
    freepressjournal3 May, 10:46 am
    'IPL In Safest Of Hands': Lalit Modi Reacts As Mittal Family Adar Poonawalla Set To Acquire Rajasthan Royals In Whopping 15,660 Crore Deal
  7. 7
    economictimes3 May, 11:02 am
    'IPL in safest hands': Lalit Modi backs Mittal-Poonawalla takeover of Rajasthan Royals
  8. 8
    thefinancialexpress3 May, 11:08 am
    Rajasthan Royals sold to Lakshmi Mittal, son Aditya Mittal for Rs 15,600 cr after US consortium pulls out
  9. 9
    thestatesman3 May, 11:12 am
    IPL Shocker: Mittal family, Adar Poonawalla acquire Rajasthan Royals in 1.65B deal
  10. 10
    hindustantimes3 May, 11:18 am
    Mittals and Poonawalla acquire Rajasthan Royals for 1.65bn

Lens Score breakdown

40/100
Public interest12/100
Coverage gap100%

Story is receiving appropriate media attention relative to public interest.

Who's involved

Institutions and figures named across source coverage.

Corporate
Investor ConsortiumArcelorMittalRoyal MultisportEmerging Media VenturesEM Sporting HoldingsBoard of Control for Cricket in IndiaRajasthan Royals
Judiciary
National Company Law TribunalBombay High Court

Story context

Category
Business
Location
Michigan, United States
Sources analysed
32
Last analysed
3 May 2026
Key entities
Rajasthan RoyalsLakshmi MittalPaarl RoyalsBarbados RoyalsBoard of Control for Cricket in IndiaManoj BadaleIndiaAdar PoonawallaAditya MittalCricketRajasthanCaribbean