A huge drama has erupted on social media after Rajasthan Royals and Royal Challengers Bangalore were sold for unbelievable sums. IPL founder Lalit Modi publicly criticized Lucknow Super Giants (LSG) owner Sanjiv Goenka for his “Jai Shah” comment.
Rajasthan Royals were sold for USD 1.63 billion (approximately ₹15,286 crore), while Royal Challengers Bangalore were sold for USD 1.78 billion (approximately ₹16,706 crore). This is the first time in IPL history that two teams have crossed the billion dollar mark in a single week.
Following the landmark deals, Sanjiv Goenka praised former BCCI secretary and current ICC president Jay Shah for the massive growth of the IPL, particularly highlighting the ₹48,390 crore media rights deal signed with Viacom18 and Disney Star for 2023-27.
ALSO READ: “Win our first trophy”: Sanjiv Goenka hails LSG as champions ahead of IPL 2026
The LSG owner has revealed how the two teams, bought for a few hundred crore rupees in 2008, have now been sold for more than Rs 15,000 crore. He clearly felt that the rise of the League was mainly due to the present administration and the foresight of Jai Shah.
Goenka posted on Twitter: “@RajasthanRoyals”, which was acquired in 2008 for around ₹270 crore, has just been sold for more than ₹15,000 crore. @RCBTweets, acquired for around ₹485 crore, sold for over ₹16,600 crore. Two franchises in the same week, each worth over ₹15,000 crore. That value was created by the architecture of IPL. The way broadcast and digital rights were structured. Governance that gave brands the confidence to invest at a premium level. Much of this is based on the vision of @JayShah.
Sanjiv Goenka is a joker: Lalit Modi
But this did not go down well with Lalit Modi, who actually created the IPL, designed its financial model and ran the league in its early years as chairman. Modi accused Sanjiv Goenka of ignoring the real architect behind the success of IPL. He mocked the LSG owner and questioned his memory, and also called him a “joker”.
Also read: Aditya Birla Group confirms it is not planning to change name after RCB acquisition
Responding to Goenka’s post on X, Modi wrote, “Seriously, this guy has actually lost the memory of who imagined the model. That’s fine. He just lives in his own world. We all know this. @DrSanjivGoenka is a ; I wish it was his brother @hvgoenka who owned the IPL franchise. He’s a true cricket fan. Not a joker who thinks his tweet will change history. Prove it.” It means they have zero knowledge.”
Lalit Modi criticizes Sanjiv Goenka on ‘elephant logo’ controversy
Modi did not stop here. In another furious post, he also hit out at Goenka for the elephant logo added to the Manchester Super Giants team in The Hundred tournament in England. This logo has already been criticized in Britain and Modi used this opportunity to make another attack on Goenka.
He described the branding decision as ignorant and poorly thought out. Modi reacted to a user’s post: “That’s because a who has no idea about anything decided to call it that @DrSanjivGoenka. What else can you expect from jokers.”
Goenka is yet to react to Modi’s statement on social media ahead of IPL 2026, which begins on March 28 between RCB and SRH in Bengaluru.
Lalit Modi’s sharp attack on Sanjiv Goenka for Jay Shah’s comment after RR-RCB mega sale
A huge drama has erupted on social media after Rajasthan Royals and Royal Challengers Bangalore were sold for unbelievable sums. IPL founder Lalit Modi publicly criticized Lucknow Super Giants (LSG) owner Sanjiv Goenka for his “Jai Shah” comment.
Rajasthan Royals were sold for USD 1.63 billion (approximately ₹15,286 crore), while Royal Challengers Bangalore were sold for USD 1.78 billion (approximately ₹16,706 crore). This is the first time in IPL history that two teams have crossed the billion dollar mark in a single week.
Following the landmark deals, Sanjiv Goenka praised former BCCI secretary and current ICC president Jay Shah for the massive growth of the IPL, particularly highlighting the ₹48,390 crore media rights deal signed with Viacom18 and Disney Star for 2023-27.
ALSO READ: “Win our first trophy”: Sanjiv Goenka hails LSG as champions ahead of IPL 2026
The LSG owner has revealed how the two teams, bought for a few hundred crore rupees in 2008, have now been sold for more than Rs 15,000 crore. He clearly felt that the rise of the League was mainly due to the present administration and the foresight of Jai Shah.
Goenka posted on Twitter: “@RajasthanRoyals”, which was acquired in 2008 for around ₹270 crore, has just been sold for more than ₹15,000 crore. @RCBTweets, acquired for around ₹485 crore, sold for over ₹16,600 crore. Two franchises in the same week, each worth over ₹15,000 crore. That value was created by the architecture of IPL. The way broadcast and digital rights were structured. Governance that gave brands the confidence to invest at a premium level. Much of this is based on the vision of @JayShah.
Sanjiv Goenka is a joker: Lalit Modi
But this did not go down well with Lalit Modi, who actually created the IPL, designed its financial model and ran the league in its early years as chairman. Modi accused Sanjiv Goenka of ignoring the real architect behind the success of IPL. He mocked the LSG owner and questioned his memory, and also called him a “joker”.
Also read: Aditya Birla Group confirms it is not planning to change name after RCB acquisition
Responding to Goenka’s post on X, Modi wrote, “Seriously, this guy has actually lost the memory of who imagined the model. That’s fine. He just lives in his own world. We all know this. @DrSanjivGoenka is a ; I wish it was his brother @hvgoenka who owned the IPL franchise. He’s a true cricket fan. Not a joker who thinks his tweet will change history. Prove it.” It means they have zero knowledge.”
Lalit Modi criticizes Sanjiv Goenka on ‘elephant logo’ controversy
Modi did not stop here. In another furious post, he also hit out at Goenka for the elephant logo added to the Manchester Super Giants team in The Hundred tournament in England. This logo has already been criticized in Britain and Modi used this opportunity to make another attack on Goenka.
He described the branding decision as ignorant and poorly thought out. Modi reacted to a user’s post: “That’s because a who has no idea about anything decided to call it that @DrSanjivGoenka. What else can you expect from jokers.”
Goenka is yet to react to Modi’s statement on social media ahead of IPL 2026, which begins on March 28 between RCB and SRH in Bengaluru.
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