Tiger Global may purchase a share in the IPL team Rajasthan Royals
Tiger Global, a company well-known for its investments in tech-related businesses, is in negotiations to acquire a share in the Indian Premier League (IPL) team Rajasthan Royals. Manoj Badale, a resident of the UK, is the owner of Rajasthan Royals, or RR, and has had a 60% majority interest since acquiring the rights in 2008. The Economic Times said, citing sources, that the New York-based investor intends to contribute $40 million to Rajasthan Royals, who are valued at $650 million. According to insiders, the transaction is almost finished. According to the article, the money infusion may be direct or indirect;…