Reportage
Last month, word circulated that a consortium led by Kal Somani had secured the Rajasthan Royals for $1.63 billion. No party to the transaction has confirmed it. The lead bidder is still assembling capital, even as a rival consortium submitted a binding offer.
Reportage
Three weeks after Diageo sold Royal Challengers Bengaluru for $1.78 billion, the consortium that bought it is still raising the funds. The State of Play reveals how, and who is being asked to write the cheques.
Reportage
Binding bids are due March 16. What serious bidders have found when they looked closely is considerably more complicated than either seller’s information memoranda suggested.
Exclusives
The RCB and RR sales are now entangled, with overlapping bidders, shifting timelines, and each side watching to see what price the other commands. Meanwhile, the shortlists narrow and complications mount.
Exclusives
The race for the two IPL franchises is now down to a handful of serious bidders. Months of exploratory conversations have given way to firmer offers, as buyers begin to confront the numbers and the realities of ownership
Exclusives
A deep-pocketed gaming giant seeks a minority stake while a diversified conglomerate eyes majority or full ownership
Exclusives
India’s online real-money gaming ban vaporised Dream11’s profit engine. Next week, the company relaunches with a radically different design. The State of Play has exclusive details on what comes next.
Exclusives
UK-based investor group negotiating a minority stake in the IPL franchise in one of the league’s largest recent equity deals