Who is Rajasthan Royals' owner in 2025?

The Rajasthan Royals hold the distinction of being the inaugural champions of the Indian Premier League. The Jaipur-based franchise scripted history in 2008, as it made its way to the final and defeated the Chennai Super Kings to claim the coveted title. The Royals reached the finals once again in the 2022 IPL season. However, they were defeated and are yet to win an IPL title again, as of April 2025. The Manoj Badale-led Emerging Media IPL Limited enjoys a 65 percent stake in the Rajasthan Royals through Royal Multisport. New York City-based RedBird Capital Partners holds a 15 percent control. Lachlan Murdoch, the Chief Operating Officer of Fox Corporation, also holds an undisclosed share in the Jaipur-based franchise.

RR owners in 2025

The Rajasthan Royals was initially co-owned by the Manoj Badale-led Emerging Media IPL Limited, Blue Water Estate Limited, Tresco International, British-Indian businessman, Raj Kundra, and his Bollywood actress wife, Shilpa Shetty.

In 2015, the franchise was banned for two years in the wake of the 2013 IPL spot-fixing scandal. It returned in 2018 following significant restructuring in its ownership. The late, great Shane Warne joined as a stakeholder, receiving 0.75 percent per year during his IPL career, which totalled to 3 percent when he retired.

In 2020, Emerging Media IPL Ltd. increased its share by 13.4 percent after buying the stakes from the Nigeria-based company, Kelowna Investment Limited. In June 2021, the Manoj Badale-led company further increased its ownership from 51% to 65% after entering a strategic relationship with RedBird Capital Partners, which bought a 15% stake in the franchise. As of March 2025, Emerging Media IPL Ltd. owns a 65 percent share in the Jaipur-based franchise. Lachlan Murdoch, CEO of Fox Corporation, also owns an undisclosed minority share, as per Economic Times.

All RR owners

Manoj Badale is an Indian businessman who is the co-founder of Blenheim Chalcot, a venture capital firm. He is also a managing partner of the firm. Previously, he held less than a 40% stake in the RR franchise, but he has increased his share gradually to 65% over the years.

Lachlan Murdoch is a British businessman. He runs multiple mass media businesses, including News Corp and Fox Corporation.

Redbird Capital Partners bought a 15% stake in the Rajasthan Royals team in 2021 for an undisclosed amount. The US-based private equity firm also owns stakes in Liverpool and Boston Red Sox.

Late cricketer Shane Warne received 0.75% of Rajasthan Royals’ stakes for every season he played, which equalled 3% at the end of his IPL career. He passed away in March 2022, but his family likely holds the stakes.

Brand value of Rajasthan Royals in 2025

According to Forbes India, the brand value of the Rajasthan Royals is $81 million, as of April 2025. The Jaipur-based franchise has the sixth-best brand value in the Indian Premier League.