Raj Kundra Reveals IPL Team Purchase as Valentine's Gift

Raj Kundra bought a share in the IPL team Rajasthan Royals in 2009 as a Valentine's Day gift for his wife, Shilpa Shetty.

He spent Rs 81.9 crore on the purchase, which was valued at Rs 700 crore at the time.

Kundra claimed it was the largest single cheque investment in the IPL.

He explained that the team's profits come from TV deals, sponsorships, and ticket sales.

However, he was later accused of betting and suspended for life by the Supreme Court-appointed committee.

Kundra maintains his innocence, stating that the betting allegations were minor and involved casual conversations.