The proposed $1.63 billion buyout of the Rajasthan Royals, an Indian Premier League (IPL) franchise, has been delayed primarily due to funding constraints within the lead investor group, regulatory uncertainties, and complexities regarding the buyer consortium's structure. The consortium, led by Kal Somani, includes notable investors such as Rob Walton, heir to the Walmart fortune, and Sheila Ford Hamp, principal owner of the NFL's Detroit Lions. Somani is reportedly seeking a majority stake and is in the process of raising capital but has yet to secure necessary commitments, causing delays. Additionally, the Board of Control for Cricket in India (BCCI) has raised concerns about fees related to past ownership transactions, further complicating the deal. Amidst these delays, discussions with other potential investors, including Lakshmi Mittal, are ongoing, although there is no certainty of a transaction. Meanwhile, former minority investor Raj Kundra is involved in a legal dispute regarding his 11.7% stake in the franchise, alleging oppression and mismanagement, which adds another layer of complexity to the situation.