Lalit Kumar Modi, a key figure in the Indian Premier League (IPL), expressed strong support for the acquisition of Rajasthan Royals by the Mittal family and Adar Poonawalla. He described the partnership as 'the best news' for the league, ensuring it remains in 'the safest of hands.' The deal, which values the franchise at approximately $1.65 billion, will see the Mittal family, led by Lakshmi N. Mittal and Aditya Mittal, acquire 75% of the team, while Poonawalla will hold around 18%. Existing owner Manoj Badale will retain a 7% stake and continue to support the franchise. The acquisition also extends to the Royals' international teams, including Paarl Royals in South Africa and Barbados Royals in the Caribbean, highlighting the franchise's growing global presence. The deal is anticipated to close in the third quarter of 2026, pending regulatory approvals. This acquisition reflects the increasing valuations of IPL franchises, further solidifying the league's status as a valuable sporting property attracting global investors.