SportsHindustan Times
Raj Kundra bought Rajasthan Royals shares for ₹82 crore in 2009
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Raj Kundra bought a majority stake in Rajasthan Royals for ₹82 crore in 2009 as a Valentine's Day gift for Shilpa Shetty.
The franchise was valued at about ₹700 crore at the time of purchase and is now valued at nearly ₹16,000 crore.
Kundra was banned for life from cricket-related activities in 2015 for illegal betting during the IPL.
Rajasthan Royals was suspended from the IPL for two seasons (2016 and 2017) due to the betting scandal.
Kundra claims the betting was informal wagers among friends, not match-fixing, and the case remains sub judice in the Supreme Court.
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