In an unprecedented move, Rajasthan Royals owners, Tresco International, Emerging Media and Blue Water Estate have decided to sell 88.4% of shares to Kolkata based Jain Group where as the star faces, Shilpa Shetty and Raj Kundra will keep their 11.6% stock holding.
This is for the first time that IPL team will be sold and other franchises are keeping close eye on how this deal gets going. Reports suggest BCCI might create some hiccups in this deal as they don’t want to dilute the brand value of IPL. Also Rajasthan Royals have some pending cases of tax irregularities which will create some problems in selling shares to the new owner.
Who ever might become the owner, what an IPL fan wants is full on entertainment and that’s what we wish for in this upcoming season of IPL.