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The Rajasthan Royals franchise is owned by Emerging Media group under Lachlan Murdoch. The Group acquired the franchise for $67 million. Incidentally, this was the least expensive franchise in the Indian Premier League and probably the least fancied team in the league at the beginning of the tournament. The Rajasthan Royals became the winners of the first IPL tournament, when they defeated the Chennai Super Kings by 3 wickets in the final played on 1 June 2008.

Rising Sports consciousness and enthusiasm generated in India following the spectacular show of the IXth Asian Games at Delhi prompted the Government of India to focus on sports development to encourage physical fitness among youth and to channelise their energy towards excellence. The need of an apex body to coordinate various sports activities led to the creation of the Sports Authority of India (SAI) in 1984 by the Government of India.

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