Roger Federer is coming back to US Open four years after retirement, set for two blockbuster matches US Open confirmed Roger Federer's return on Sunday, and he will be joined by three other tennis greats Published on: Aug 24, 2026, 13:25:16 IST Written by Aratrick Mondal Prefer HTon Google Share
Nerves cost us against Australia, but I'm proud of the team: women's hockey coach: Marijne Nerves cost us against Australia, but I'm proud of the team: women's hockey coach: Marijne Published on: Aug 24, 2026, 13:09:14 IST PTI Prefer HTon Google Share via Copy link Amstelveen
After seventh seed Victor Lai fell in three games to ninth seed Alex Lanier at the 2026 BWF World Championships in New Delhi, the former described the Frenchman as a ‘beast’, lauding his physical fitness and tenacity to go the distance and play the long game
India men’s football team will face Panama in a FIFA international friendly in September, ahead of another friendly against five-time FIFA World Cup winners Brazil in Kolkata on October 3. According to a report by The Times of India, the match between India and the North American side is
Uefa president Aleksander Ceferin has ruled himself out of the running to replace Gianni Infantino, but says he expects a candidate to challenge the Fifa president's leadership in March. Infantino has faced calls to step down after he scrapped a controversial plan to sell off stakes in Fifa's
Barcelona began their La Liga title defence with a commanding 5-0 victory over Elche on Sunday, with Raphinha and Fermin Lopez scoring twice each and Anthony Gordon setting up two goals on his debut. The result comea a day after Jose Mourinho’s Real Madrid defeated Espanyol 2-1 with a late winner
GCT Grand Finale: Praggnanandhaa beats Keymer to stake his claim for finals GCT Grand Finale: Praggnanandhaa beats Keymer to stake his claim for finals Published on: Aug 24, 2026, 09:43:17 IST PTI Prefer HTon Google Share via Copy link St. Louis
UEFA president Aleksander Ceferin may have been vocal in his demand for the current FIFA president Gianni Infantino to step down but he has no interest in replacing the under-fire Swiss. Infantino continues to face pressure to leave his position as world football’s governing body chief following
Mittal family set to own 75% of Rajasthan Royals in $1
The Mittal Family and Adar Poonawalla are set to acquire a controlling stake in the Rajasthan Royals IPL franchise. The deal values the team at approximately $1.65 billion. This significant acquisition includes ownership of associated teams in South Africa and the Caribbean. The transaction is anticipated to finalize in the third quarter of 2026.
The has reached a definitive agreement to acquire a controlling stake in IPL franchise in partnership with , PTI quoting press release by Mittal Family. The deal, signed with current owner and his consortium, values the franchise and its associated teams at about $1.65 billion. The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals including from the BCCI, CCI and the IPL Governing Council.
After completion, the Mittal Family will hold around 75% ownership in Rajasthan Royals, while Adar Poonawalla will own about 18%. Existing investors, including Manoj Badale, will retain the remaining 7%. Badale will continue to remain associated with the franchise in a supporting role, contributing his experience in cricket operations.
“I love cricket and my family is from Rajasthan, so there is no IPL team that I would rather be part of than the Rajasthan Royals. I first played cricket as a schoolboy, and since then I have been an avid fan of the sport. Many great players have worn the Rajasthan Royals shirts, including Indian icons of the sport who have been an inspiration for the younger talent. I look forward to being part of this great team, and cannot wait to join all the fans pitch-side to cheer on our future success,” Lakshmi N. Mittal said.
The acquisition also includes ownership of in South Africa and Barbados Royals in the Caribbean. Members of the new ownership group, including Lakshmi N. Mittal, Aditya Mittal, Vanisha Mittal-Bhatia, Adar Poonawalla and Manoj Badale, will join the board of Rajasthan Royals.
The Mittal Family highlighted its long-standing connection with Rajasthan, noting that Lakshmi N. Mittal was born in Sadulpur in the state. The investment marks their entry into franchise cricket ownership at a time when the IPL continues to expand its global presence.
“The IPL has, in a very short space of time become one of the biggest sporting leagues in the world, and the Rajasthan Royals is one of the original and the most iconic teams of the league. Personally, I am so honoured and excited to be to be part of this great team. The Royals is well known for developing new talent - that resonates deeply with me, and we are determined that legacy will continue, harnessing the best of talent in the world for future success. I want to thank everyone who has helped build the Rajasthan Royals into a global sporting institution - the players, coaches, leadership team, and above all the fans..We intend to continue and enhance its cherished legacy Halla Bol!” Aditya Mittal said.
“From the earliest age I inherited a love of cricket through my parents. Our family loves sport and we love India, and so to participate in the future success of the biggest cricket league in the world with the Rajasthan Royals is an honour and a privilege,” Vanisha Mittal-Bhatia said.
“I am delighted to partner with Aditya Mittal on this investment. Rajasthan Royals is a premier IPL franchise with a strong legacy, and I look forward to supporting its continued growth and long-term success,” Adar Poonawalla said.
“It has been the privilege of a lifetime to be involved with the Rajasthan Royals from inception, and to have played a small part in building what hs become the world’s most exciting and successful cricket league. I am hugely grateful to the most important people – our fans, as well as our players, coaches and management teams – past and present – who have made this team what it is. We are delighted to welcome the Mittal Family and Adar Poonawalla as the new owners of the Rajasthan Royals. Their passion for cricket, their connection to Rajasthan and India, and their long-term ambition for the franchise make them ideal custodians of the next chapter. I very much look forward to working alongside them, and to supporting our extraordinary team and its loyal fans as the Royals continue to grow. Halla Bol!” Manoj Badale said.
Before this agreement, a separate proposed buyout of Rajasthan Royals led by a Somani-led consortium had faced delays. The proposed $1.63 billion transaction was held up due to funding constraints within the investor group, regulatory uncertainties and complexities in structuring the consortium, ET earlier reported.
The Somani consortium included global investors such as Rob Walton and Sheila Ford Hamp along with Michael Hamp. However, the lead investor was still in the process of raising capital and had not secured the required commitments, which delayed the closure.
Concerns were also raised during due diligence, while the BCCI was understood to have flagged issues related to fees on past secondary ownership transactions linked to Mauritius-based EM Sporting Holdings, which controls Royal Multisport.
During this period, the franchise promoters also explored discussions with other investors, including the Mittal Family, which had earlier participated in the bidding process with an estimated offer of around $1.5 billion.
The situation was further complicated by an ongoing legal dispute involving former minority investor Raj Kundra. Through Kuki Investments, Kundra approached the National Company Law Tribunal alleging oppression and mismanagement and seeking reinstatement of his 11.7% stake. The matter remains under adjudication. A related anti-suit injunction issued by a UK court is also under challenge before the Bombay High Court.
Add as a Reliable and Trusted News Source
Source: EconomicTimes
Related Posts: Rajasthan Royals,Mittal Family,Adar Poonawalla,IPL franchise acquisition,Manoj Badale,Paarl Royals
The French are known for a lot of things but badminton isn’t one of them. Till Sunday, when the country that has never been considered among the top nations even in Europe created history at the 2026 World championships, in more ways than one
11 hours ago
AITA picked them, the government cut them: Why has India’s Asian Games tennis squad been slashed from 12 to 7? The AITA had originally proposed a 12-member squad for for the Asian Games, which included six women. But the list was slashed down to just seven players. Updated on: Aug 24, 2026
11 hours ago
Ashton Jeanty injury update: Is the Raiders RB out for the season? Doctor reveals possible diagnoses; ‘best case…’ Ashton Jeanty was injured after attempting a catch, prompting a tense silence at the Raiders’ facility before his teammates gathered and knelt in prayer. Updated on: Aug 24
14 hours ago
When Liverpool came to Newcastle last August, there was utter jubilation as Rio Ngumoha scored a remarkable 100th-minute winner. They scored late again this time around, through Dominik Szoboszlai's 99th-minute penalty, but it felt more like a sense of relief than joy as they rescued a point
14 hours ago
'Is Sydney Taylor playing tonight?' Chicago Sky guard's slow start vs Fever sparks injury concerns Sydney Taylor was in Chicago’s starting lineup when the Sky hosted the Indiana Fever on Sunday night. Updated on: Aug 24, 2026, 07:32:12 IST By Ojas Jaiswal Prefer HTon Google Share via Copy link
14 hours ago
Yet again, the England men's cricket team is picking through the wreckage of a late-night misdemeanour. The latest stain on the game's reputation is a result of pictures of fast bowler Brydon Carse in handcuffs and surrounded by police officers outside a nightspot in Derby
14 hours ago
Jean-Philippe Mateta is arguing the remainder of his Crystal Palace contract is invalid and has taken his case to Fifa. Multiple sources have told BBC Sport the France international has launched an official challenge over the validity of the final 10 months on his Selhurst Park deal
1 days ago
Bangladesh 64: Starc 6-12 & 95: Shanto 31; Starc 4-39, Cummins 3-10, Lyon 3-25 Mitchell Starc took 10 wickets in the match as Australia bounced back from last week's shock defeat by Bangladesh to win the second Test by an innings and 51 runs and draw the series 1-1. Second Test
1 days ago
Jannik Sinner's absence benefits Carlos Alcaraz: What to expect from the US Open champion after his long injury layoff Jannik Sinner is out, but is it premature to call Carlos Alcaraz the US Open favourite after four months away? Updated on: Aug 23, 2026
1 days ago
US Open leaves Stan Wawrinka out in the cold, denying former champion a wild card for his final Grand Slam The US Open has surprisingly denied Stan Wawrinka a wild card for what could be his final appearance at a Grand Slam. Updated on: Aug 23, 2026
1 days ago
India faced the Netherlands in their Pool E match of the ongoing FIH Men’s Hockey World Cup 2026 on Saturday (August 22) at the Wagener Stadium in Amstelveen but suffered a 1-3 defeat. India conceded one goal in the third quarter and two in the fourth quarter to go down against the hosts
1 days ago
There is an uncanny resemblance between Jwala Gutta and Ashwini Ponnappa’s bronze-medal run at the 2011 BWF World Championships and Treesa Jolly and Gayatri Gopichand’s campaign at the 2026 edition. Jwala and Ashwini faced the second-seeded Cheng Wen-hsing and Chien Yu-chin as early as the
1 days ago
Runs on the board and rival wickets, is the template that Dhananjaya de Silva will chase when the second Test commences at the SSC Ground on Sunday (August 23, 2026). “It’s about putting runs on the board. That’s what India did [at Galle]. For the first two days they batted and got 460 runs
1 days ago
Serena Williams returns to US Open after four years, joins Carlos Alcaraz for mixed doubles Serena Williams will return to the US Open for the first time since 2022, partnering Carlos Alcaraz in mixed doubles after receiving a wildcard. Published on: Aug 23, 2026
1 days ago
Roberto De Zerbi may have spent close to £400m by the time his Tottenham Hotspur rebuild is complete – but it took just his side's first Premier League game of the season to prove all the money in the world is no guaranteed cure for a losing mentality
1 days ago
Manchester United's fans had endured a bad enough day on the banks of the River Humber when Hull City's stadium announcer gleefully piped up midway through the second half. Two trains back to Manchester from the city centre station had been cancelled
1 days ago
From a shy girl to team mentor, Savita Punia says hockey changed her life From a shy girl to team mentor, Savita Punia says hockey changed her life Published on: Aug 22, 2026, 12:08:49 IST PTI Prefer HTon Google Share via Copy link Amstelveen
2 days ago
Shubhankar makes cut after spectacular ace at Nexo Championship Shubhankar makes cut after spectacular ace at Nexo Championship Published on: Aug 22, 2026, 12:17:58 IST PTI Prefer HTon Google Share via Copy link Aberdeenshire , Shubhankar Sharma ended his streak of four missed cuts as he made the
2 days ago
Inter Miami's Lionel Messi has been fined for slapping Philadelphia Union's Quinn Sullivan during their side's Major League Soccer (MLS) 2-2 draw on Wednesday. Messi, 39, slapped Sullivan around the back of the head towards the end of the game as he complained the Union player had elbowed him after
2 days ago
Premier League champions Arsenal will start the new season with some of the nightmares of the previous two as their marquee signing, midfielder Bruno Guimarães, is not part of the squad due to an injury. Guimarães signed for £75 million (Rs. 979 crore) from Newcastle United and suffered a knock
2 days ago
Nostalgia may have enveloped Sairaj Bahutule when he entered the SSC Ground. He would have remembered his last Test played at the same venue in 2001, a game India lost. The Indian spin-bowling coach, though, quickly immersed himself in the nets here Friday (August 21, 2026)
2 days ago
Lionel Messi fined for slapping opponent on the head as Inter Miami-Philadelphia clash erupts into late red-card chaos Lionel Messi was fined by MLS after slapping Philadelphia's Quinn Sullivan on the head as Inter Miami's 2-2 draw desecended into stoppage-time chaos. Updated on: Aug 22, 2026
2 days ago
Double Olympic medallist Neeraj Chopra managed to deliver his season’s best performance at the Lausanne Diamond League on Friday but fell agonisingly short of the top spot, as Sri Lanka’s Rumesh Pathirage finished first with a throw just nine centimetres more than his
2 days ago
Why did Nick Chubb retire? Net worth in focus as NFL player ends career at 30 Nick Chubb played for eight seasons in NFL that included seven years with the Cleveland Browns and one with the Houston Texans. Updated on: Aug 22, 2026, 09:25:09 IST By Shirin Gupta Prefer HTon Google Share via Copy link
2 days ago
Arsenal started last season as nearly men - but now they have the swagger of winners. That much can be seen on the approach to Emirates Stadium. Above the entrance to the ground is new signage, a simple message in gold: 'Champions'. Players and fans alike have taken the confidence of last season's
2 days ago
Liverpool, Man City face questions in new era without Salah, Guardiola Liverpool, Man City face questions in new era without Salah, Guardiola Published on: Aug 22, 2026, 06:32:41 IST AFP Prefer HTon Google Share via Copy link Mohamed Salah and Pep Guardiola are two of the most iconic figures in
2 days ago
Nakashima knocks out Fritz to reach Cincinnati semi-finals Nakashima knocks out Fritz to reach Cincinnati semi-finals Published on: Aug 22, 2026, 04:36:47 IST AFP Prefer HTon Google Share via Copy link Brandon Nakashima continued his red-hot pace on Friday
2 days ago
