IPL 2022: Owners of all 10 teams
To date, the owners have been superlative with their efforts to manage the teams in a fine fashion.
6. Rajasthan Royals (RR) – Emerging Media Pvt. Ltd
The majority owner (65%) of the Rajasthan Royals franchise is Manoj Badale, who owns Emerging Media Pvt. Ltd and which is a market leader in the field of advertising. He is also a co-founder of 15 different businesses, with areas related to technology and financial services.
The other minority owners of the team are Lachlan Murdoch (13%) and RedBird Capital Partners (15%). The businessman Lachlan Murdoch is a well-known personality in the field of Mass Media in the UK, while RedBird Capital Partners is a private investment firm based in New York.
In 2009, Shilpa Shetty and Raj Kundra also bought a 11.7% stake in Rajasthan Royals and became the co-owners. But, they sold their entire stake in 2015 after Raj Kundra was convicted of illegal betting on IPL matches by the Supreme Court of India.
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