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:
“To-day women constitute the only class of sane people excluded from the franchise ...”
—Mary Putnam Jacobi (1842–1906)
“[Men say:] “Don’t you know that we are your natural protectors?” But what is a woman afraid of on a lonely road after dark? The bears and wolves are all gone; there is nothing to be afraid of now but our natural protectors.”
—Frances A. Griffin, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 19, by Susan B. Anthony and Ida Husted Harper (1902)