Franchise History
The Rajasthan Royals franchise is owned and chaired by shilpa shetty kundra. Other investors include Ryan Tkalcevic, Lachlan Murdoch, Sir. Aditya S Chellaram and Suresh Chellaram. The Group acquired the franchise for $67 million. Incidentally, this was the least expensive franchise in the Indian Premier League and probably the least fancied team in the league at the beginning of the tournament. Bollywood actress and Celebrity Big Brother winner Shilpa Shetty and her business partner (now husband) Raj Kundra paid approximately US $15.4 million for a 11.7% stake before the start of IPL 2 in early 2009, therefore valuing the team at $130 million.
It made a pre-tax profit of $7.5 million in 2009.
Read more about this topic: Rajasthan Royals
Famous quotes containing the words franchise and/or history:
“Many famous feet have trod
Sublunary paths, and famous hands have weighed
The strength they have against the strength they need;
And famous lips interrogated God
Concerning franchise in eternity....”
—Philip Larkin (1922–1986)
“History, as an entirety, could only exist in the eyes of an observer outside it and outside the world. History only exists, in the final analysis, for God.”
—Albert Camus (1913–1960)