Rajasthan Royals to get richer in new investment bid

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IPL franchise, Rajasthan Royals are about to get a new investment bid this time from the USA.

Tiger Global, a firm based in New York wants to stake a claim and is willing to offer $40 million.

Already Tiger Global is associated with a number of Indian companies such as Flipkart, Zomato, Ola, and Delhivery.

Moreover, the firm has also got a huge stake in Dream Sports which runs Dream11 app in India.

Previously, the firm was in talks with a lot of franchises for making a financial stake in their franchise.

Moreover, this deal is sure to come to fruition and the $40 million will make Rajasthan Royals’ valuation $650 million.

Currently, Rajasthan Royals’ parent entity- Emerging Media is owned by Manoj Balade a UK-based businessman.

Additionally, he also has had a 60 percent stake in the franchise since its inception.

Two years back, RR was offered a secondary deal by RedBird Capital which is again a US-based firm and they offered $250 million to the franchise.

Now, the investment made by Tiger Global could be direct or indirect and it can be helpful for either shareholder.

Rajasthan Royals out of the Playoffs Race

Meanwhile, the Men in Pink failed to get through to the top four this time as they were knocked out by Mumbai Indians who won against the Sunrisers Hyderabad.

Also, Bangalore lost their game against Gujarat Titans which only helped to propel RR to 5th place with 14 points.

Throughout this season, RR won seven games and lost an equal number of them and ended up with an NRR of 0.148.

Furthermore, Gujarat Titans, Chennai Super Kings, Lucknow Super Giants, and Mumbai Indians are the top four this season.

Today, it is going to be the defending champions against the Yellow Army at Chennai in the evening for the 1st Qualifier.

On the other hand, Lucknow Super Giants will lock horns with Mumbai Indians in the Eliminator tomorrow.

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