Macfarlanes is acting as lead legal counsel to Royals Sports Group on the sale of The Rajasthan Royals and other Royals cricket franchises to the Mittal Family and Adar Poonawalla for total consideration of $1.65bn.
The transaction is subject to customary closing conditions, including approvals from the BCCI, the CCI, the IPL Governing Council and other applicable regulatory authorities, and is expected to occur in Q3 2026.
Royals Sports Group is the holding company of the Rajasthan Royals, a high-profile cricket franchise competing in the Indian Premier League (IPL), the Barbados Royals in the Caribbean Premier League (CPL) and the Paarl Royals in the SA20.
The Macfarlanes team was led by M&A Partners Tom Rose and Richard Burrows.
The M&A team included Senior Associates Andrew Wheelhouse and Jordan Treacey-Jacobs alongside Associate Sonja Dragomir. Partner Jeremy Moncrieff led on Tax aspects with support from Senior Associate Rebecca Rose and Associate Krishant Sen. Partner Malcolm Walton led on Competition matters supported by Associate Megan Humphreys. Partner Kirstie Hutchinson led on Financing.