RCB, RR sale: Like English football, IPL becoming fertile investment ground for American capital

The Manoj Badale-led Emerging Media consortium exited Rajasthan at a staggering 2,333% return, selling its stake for $1.63 billion — a dramatic leap from the original outlay of $67 million. Within hours came confirmation that Royal Challengers Bengaluru had also found new owners, commanding $1.78 billion.