Kal Somani-led consortium buys Rajasthan Royals for $1.63 billion

A consortium led by US-based entrepreneur Kal Somani has won the bid to own the Rajasthan Royals franchise. Somani has led enterprises in sports tech and data privacy.Somani is being backed by American business Rob Walton, of the Walmart family, and the Hamp family that also has majority stakes in NFL's Detroit Lions. Sheila Ford Hamp also roots in the Ford family that holds a significant stake in Ford Motor Company. The consortium is learned to have put in a bid of $1.63 billion (£1.2 billion). The current owners of the Royals were in talks for the last six months for a 100% sale of the team.