Consortium led by US-based Kal Somani picks up Rajasthan Royals for $1.63 billion
JAIPUR : The Rajasthan Royals franchise has been sold to a consortium led by US-based entrepreneur Kal Somani for $1.63 billion (about Rs 15,240 crore). In 2008, when the Indian cricket board (BCCI) first sold franchises in IPL, a consortium led by UK-based entrepreneur Manoj Badale had bought the Jaipur-based franchise for $67 million (about…