Another Indian Premier League (IPL) team has reportedly been placed up for sale while the Royal Challengers Bengaluru (RCB) are still searching for a new buyer. In a post on X, Harsh Goenka, the brother of Sanjiv Goenka, the owner of the Lucknow Super Giants, disclosed that the Rajasthan Royals have also been placed up for sale.
Currently, the Royals Sports Group (Emerging Media Sporting Holdings Limited) owns 65% of the team. RedBird Capital Partners and Lachlan Murdoch own a few minority shares.
Also Read | SMAT 2025: Hardik Pandya set for comeback as domestic stars eye IPL Auction spotlight
"I hear, not one, but two IPL teams are now up for sale- RCB and RR. It seems clear that people want to cash in the rich valuations today. So two teams for sale and 4/5 possible buyers! Who will be the successful buyers- will it be from Pune, Ahmedabad, Mumbai, Bengaluru or USA?," he wrote on X.
The team has started looking into ways to establish a new base outside of the state, according to Cricbuzz. The MCA Stadium in Gahunje, Pune, has surfaced as one of the possibilities, it continued, though the team has not yet made a formal comment on the matter.
The report further stated that the Maharashtra Cricket Association (MCA) will need to clarify whether the facility can host the franchise and that the BCCI will always have the last say, even if a major development like this is started.
The current dispute between the team and the Rajasthan Cricket Association (RCA) is allegedly the cause of the significant change in base. When RCA ad hoc committee convenor Jaideep Bihani accused the Royals of match-fixing, which the team vehemently denied, things got heated.
If RR’s home base does move to Pune, the city is expected to host at least four of their home fixtures, with the remaining three likely to be played in Guwahati in the Northeast.
The MCA Stadium last staged an IPL game in 2022, during the season that was restricted to three venues in Mumbai and Pune, with the Playoffs held in Kolkata and Ahmedabad.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
