Lakshmi Mittal acquired a 75% stake as the new owner of Rajasthan Royals

[rangeelaraja]

I thought it was some US based PE firm that originally won the bid for Rajasthan Royals....looks like some backroom jostling happened after that and Lakshmi Mittal who was once the richest Indian during the commodities boom is now the owner of Rajasthan Royals ( 75 % stake ).

 

His son ( Aditya Mittal ) who inherits his business empire is also in the thick of things along with Adar Poonawala who is a minority stakeholder now.

 

IPL is now becoming a billionaire muscle flexing ground. The first family of India is not going to have it easy.