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Shah Rukh Khan's KKR mulling over selling stakes after RCB and RR: Report

Akshita Patel

KKR to seek new investors [Source: @KnightsVibe/X.com]KKR to seek new investors [Source: @KnightsVibe/X.com]

Kolkata Knight Riders (KKR), one of the most successful and high-profile teams in the IPL, could soon see a change at the ownership level. According to reports, a minority stake sale is being explored at KKR, which is jointly owned by Shah Rukh Khan, Juhi Chawla, and Jay Mehta. 

KKR is owned by Knight Riders Sports Private Ltd, a joint venture formed in 2008 between Shah Rukh Khan’s Red Chillies Entertainment and the Mehta Group, backed by Juhi Chawla and her husband, Jay Mehta. 

KKR rope in Nomura for selling stakes

According to Money Control, Red Chillies holds 55% of the stakes of KKR, while the Mehta Group owns the remaining 45%. The trio had bought the franchise for around $75 million during the inaugural IPL auction.

Unlike Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR), which are exploring majority stake or control changes, KKR’s case is different. 

It is reported that only the Mehta Group wants to give up a minority stake, which will mostly help unlock value. Investment bank Nomura has been appointed as the sell-side advisor, and the proposed deal is expected to be launched in early 2026.

This is reportedly at a very preliminary stage, and the eventual structure could change depending on the interest levels of the investors. 

Even as the nature of the stake and the valuation accorded to KKR remain unclear, it is interesting that this occurred at this time.

IPL teams are experiencing gigantic investment interest due to the rising media rights value, international leagues, and brand value. 

RCB is said to target a valuation around $2 billion, whereas RR wishes to reach the benchmark of $1 billion plus. KKR, a three-time IPL winner, finds itself in the same class.

Why is KKR such a lucrative investment option?

There's more to the appeal of KKR than just their IPL titles. The franchise has expanded globally with teams like Trinbago Knight Riders (CPL), Abu Dhabi Knight Riders (ILT20), and Los Angeles Knight Riders (MLC).

Regarding the cricketing side, KKR has also been very aggressive. At the recent IPL auction, the franchise made the headlines by acquiring the services of Cameron Green for a record ₹25.20 crore and Matheesha Pathirana for ₹18 crore.