The Kal Somani-led consortium has publicly criticized the bidding process for the Rajasthan Royals, which was awarded to Lakshmi N. Mittal's group for $1.65 billion (approximately ₹15,600 crore). In a joint statement, Somani, along with Rob Walton and Sheila Ford Hamp, expressed their disappointment, claiming the outcome did not reflect a 'level playing field'. They emphasized that they had been the lead bidders throughout the six-month process and were fully funded, countering speculation about financial issues. The consortium stated they had completed all necessary documentation and were informed that their bid would be approved in a franchise board meeting. However, reports indicated that their documentation faced scrutiny and did not meet the requirements set by existing owners. The new ownership structure will see the Mittal family controlling 75% of the franchise, while Adar Poonawalla will hold around 18%.