Archive · 25 Jul 2026
Rajasthan Royals Acquisition Sparks London Court Battle
A big company called Emerging Media Ventures owns a cricket team called Rajasthan Royals.
Two smaller investors in this company say they are being treated unfairly.
They claim they should get millions of dollars from the sale of the team, but the big company says they did something wrong and won't give them the money.
Now, they are fighting in a London court to decide who is right.
Lakshmi Mittal and Adar Poonawalla plan to acquire Rajasthan Royals.
Minority shareholders allege they are being forced to surrender stakes worth $50 million for £1.
Shareholders claim they are owed $22 million and $28 million from the transaction.
Emerging Media Ventures accused shareholders of violating company rules.
The case highlights growing investor interest in franchise cricket.
- Who
- Lakshmi Mittal, Adar Poonawalla, Emerging Media Ventures, Bajan Boys Gully Cricket LLC, Halla Bol LLC
- What
- Legal battle over shareholder claims in the acquisition of Rajasthan Royals
- When
- Ongoing
- Where
- London
- Why
- Minority shareholders allege they are being forced to surrender stakes worth around $50 million for just £1
Emerging Media Ventures
Minority Shareholders
Share Transfer
Emerging Media Ventures
Accused minority shareholders of serious misconduct and withheld their share of proceeds.
Minority Shareholders
Denied any wrongdoing and argue they should not be prevented from investing in other cricket leagues.
- Acquirer
- Lakshmi Mittal and Adar Poonawalla
- Franchise
- Rajasthan Royals
- League
- Indian Premier League (IPL)
- Disputed Amount
- $50 million
- Court Location
- London