CCI Approves Sale of Rajasthan Royals and Two Other IPL Franchises to Mittal Family and Adar Poonawalla

The Competition Commission of India (CCI) has granted approval for the sale of Rajasthan Royals and two other Indian Premier League (IPL) franchises to the Mittal family and entrepreneur Adar Poonawalla. The decision, announced on Thursday, follows a comprehensive review of the transaction and its impact on competition within the league. The Mittal family, known for their business interests in steel and infrastructure, will take over the Rajasthan Royals, while Poonawalla will acquire the remaining two teams. The move is expected to reshape the ownership structure of the IPL and could influence future investment patterns in Indian cricket. The CCI’s clearance confirms that the sale does not pose a threat to fair competition and meets regulatory standards for sports franchise transactions.