Rajasthan Royals sold to Kal Somani's consortium at $1.63B, a 63% premium to the franchise's $1.0B valuation recorded in 2024. Matchex analysis places the 42.9% YoY appreciation well above IPL median, signaling concentrated buyer demand for established Twenty20 assets despite broader cricket market volatility. The deal excludes broadcasting—the ECB simultaneously renewed its domestic T20 media partnership, underscoring the bifurcated value structure between franchise equity and content rights in cricket's institutional infrastructure.