In the dynamic realm of cricket, team ownership plays a pivotal role in shaping the destiny of a franchise. One influential figure in the Indian Premier League (IPL) is Manoj Badale, the visionary owner of the Rajasthan Royals. Beyond the glitz and glamour of the sport, Badale’s journey and contributions have left an indelible mark on the cricketing scene and his team. Let’s delve into the net worth of Rajasthan Royals’ owner, Manoj Badale.
Manoj Badale’s Impactful Role
Manoj Badale’s role as the owner of the Rajasthan Royals goes beyond conventional team ownership. His strategic vision, business acumen, and commitment to innovation have not only shaped the franchise’s success on the field but have positioned the team as a torchbearer for responsible ownership in the cricketing world. As the IPL continues to evolve, Badale’s contributions are set to leave a lasting legacy in Indian cricket.
Business Ventures
Before entering the cricket ownership arena, Badale had already made a significant impact in the business world. Co-founding the investment firm Blenheim Chalcot in 1998, he focused on identifying and developing innovative businesses. This business acumen earned him a reputation as a visionary entrepreneur, influencing his approach to owning and managing the Rajasthan Royals.
Blenheim Chalcot, the investment firm, emphasizes creating an environment for growth, encouraging collaboration and innovation among its ventures.
Manoj Badale’s Foray into Cricket
Badale’s entry into the cricketing world began when he, along with other investors, acquired the franchise rights for the Rajasthan Royals in the inaugural season of the IPL in 2008. The team, under Badale’s ownership, immediately made headlines by winning the championship in their debut season, defying all odds and expectations.
Net Worth Details
Reports indicate that Manoj Badale had a net worth of Rs 1330 crore (USD 160 million) in 2023. As the owner of Rajasthan Royals through his firm, Emerging Media IPL Ltd, he holds a 65% stake in the team. Over the years, Badale increased his share in the team, contributing significantly to his net worth.
Apart from his cricket ventures, Badale is the chairman of the British Asian Trust, a charity organization founded in 2007. In recognition of his services to the economy and charity, he was honored with the Officer of the Order of the British Empire (OBE) on June 9, 2018.
FAQs
Who owns Rajasthan Royals now?
The Rajasthan Royals (RR) franchise is owned by Manoj Badale, Lachlan Murdoch, and Red Bird Capital Partners. Badale’s Emerging Media IPL Ltd holds a 65% stake in the team.
Who is the Rajasthan Royals CEO?
Jake Lush McCrum is the CEO of the Rajasthan Royals.
What is the revenue of Rajasthan Royals?
Rajasthan Royals had revenues of USD 31.7 million (Rs 263 crore) and an operating income of USD 6.6 million (Rs 54 crore), Forbes reported last year.
