What happened
CCI approved the Mittal-Poonawalla consortium's acquisition of Rajasthan Royals, Paarl Royals, and Barbados Royals for ~US$1.65B
India's antitrust regulator CCI has approved the Lakshmi Mittal family–Adar Poonawalla consortium's acquisition of Rajasthan Royals, Paarl Royals, and Barbados Royals, a deal valued at approximately US$1.65 billion.
The ownership split follows a 75/18/7 structure — 75% Rajasthan Royals, 18% Paarl Royals, 7% Barbados Royals.
This clearance is the final regulatory gate before a Q3 2026 close.
Timeline
2026 — CCI clears the Mittal-Poonawalla consortium's acquisition of three cricket franchises, the final regulatory gate before Q3 2026 close.
- Sep 2026 — CCI clearance granted
- Q3 2026 — Expected deal close
Why it matters for me
Three cricket franchises will change ownership ahead of Q3 2026 closing
Money
Sports Investors · Business Executives
US$1.65B cross-border cricket investment signals continued confidence in sports franchise valuations
Work
Cricket Fans
New ownership group (75/18/7) takes over three franchises, changing team governance
Daily Life
General Public
CCI clearance sets precedent for future sports franchise acquisitions in India
What to remember
CCI clearance is the last regulatory gate for a US$1.65B cricket deal
CCI cleared the Mittal-Poonawalla consortium's US$1.65B acquisition of three cricket franchises — Rajasthan Royals, Paarl Royals, Barbados Royals.
Verified sources (2)
CCI clears Lakshmi Mittal family, Poonawalla's purchase of Rajasthan Royals, 2 other cricket franchises
↗Mittal-Poonawalla consortium wins Rajasthan Royals bid after Somani's failed offer
↗Claims and linked sources
4 claimsCCI approved the Mittal-Poonawalla consortium's acquisition of three cricket franchises
Deal valued at approximately US$1.65 billion with 75/18/7 ownership split
Somani consortium's earlier US$1.63 billion bid for the same franchises failed
CCI clearance is the final regulatory gate before Q3 2026 closing
Community signals
Signal-only · not reporting“Mittal-Poonawalla group ke saath cricket franchises mein bada investment aa raha hai — CCI clearance se deal fast ho sakta hai”