IPL valuations hit a six: RCB goes for $1.78 b, Rajasthan Royals for $1.63 b

The Rajasthan Royal transaction sets a new benchmark for IPL franchise valuations  | Photo Credit: MURALI KUMAR K Two marquee Indian Premier League (IPL) franchises have attracted record-breaking bids, underscoring the cricket league’s soaring valuations and global investor appeal. Rajasthan Royals is set to be sold to a consortium led by US-based tech entrepreneur Kal Somani for a reported $1.63 billion, while Royal Challengers Bengaluru has been acquired by a consortium comprising the Aditya B...