
Rajasthan Royals Owner Manoj Badale Accuses Raj Kundra Of Blackmail In High-Stakes UK Court Battle
In a dramatic legal twist, Manoj Badale, the majority stakeholder of IPL franchise Rajasthan Royals, has accused his former co-owner Raj Kundra of blackmail. The allegation surfaced during an intense hearing at London's High Court, where Badale and his firm, Emerging Media Ventures, are suing Kundra for allegedly breaching a confidential 2019 settlement agreement. The case digs deep into the past ownership dynamics of the Royals, a team that clinched the inaugural Indian Premier League title in 2008 but has since been no stranger to controversy. The spotlight is once again on Raj Kundra, whose turbulent association with the franchise has come back to haunt both him and the Royals' hierarchy.
At the heart of the dispute lies Kundra's former 11.7% stake in Rajasthan Royals—a stake he was forced to relinquish after being implicated in the 2015 IPL betting scandal. The scandal rocked Indian cricket and led to the suspension of Rajasthan Royals for two seasons. Now, nearly a decade later, Kundra claims he was 'cheated out of the true value' of his stake. In an email sent to Badale last month, Kundra alleged fraud, claiming he was 'misled and defrauded' regarding the actual worth of his equity. The message included a veiled threat: he had filed complaints with Indian authorities and was prepared to escalate the matter to the Board of Control for Cricket in India (BCCI).
Blackmail Allegations and Legal Ripples
Badale's legal team, led by barrister Adam Speker, described Kundra's actions as a 'blackmail attempt.' Court filings revealed that Kundra contacted disgraced IPL founder Lalit Modi with statements suggesting Badale would 'pay dearly' for allegedly undercutting his stake's value. These revelations, Badale argued, directly violated the terms of their 2019 settlement agreement.
In response, Badale's firm secured a UK court injunction on May 30, barring Kundra from making any disparaging remarks or further breaching the agreement. This legal shield remains active until a full trial determines the case's outcome. Kundra's lawyer, William McCormick, pushed back against the blackmail charge. While agreeing to uphold the injunction, he clarified that his client's acceptance does 'not amount to an admission' of any wrongdoing.
IPL Franchise in Crisis On and Off the Field
While legal fireworks erupt off the field, the Rajasthan Royals franchise faces internal turmoil on the pitch as well. After an underwhelming IPL season, rumours suggest the franchise may part ways with captain Sanju Samson, their long-serving leader. Reports link the Kerala wicketkeeper-batter to Chennai Super Kings, sparking speculation that Riyan Parag could be groomed for captaincy. If true, these changes could mark a new era for the Royals—but one shadowed by off-field disputes and ownership controversies.
What This Means for the IPL Landscape
This high-profile legal battle has significant implications beyond just the Royals. With the IPL's brand value exceeding $12 billion, any controversy involving team ownership and internal rifts casts a shadow on the league's credibility. The BCCI, though not directly involved yet, may be forced to respond should Kundra escalate his claims. The courtroom clash also serves as a reminder of the fragile alliances behind India's most lucrative cricket property, where billion-dollar stakes, public image, and personal reputations collide.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hindustan Times
19 minutes ago
- Hindustan Times
IIM graduate brags about refusing salary slip to GenZ employee, faces backlash: ‘Isn't a favour, it's basic right'
An IIM Indore graduate is facing flak online after she refused to issue a salary slip to a short-term GenZ employee, sparking a wider debate around basic employee rights and professionalism in the workplace. Critics were quick to call out the post as unprofessional and tone-deaf. (This is an AI generated image) An MBA alumna and entrepreneur, took to LinkedIn to share a screenshot of a WhatsApp message from a former employee who had worked for about 15–17 days and requested a salary slip for academic documentation. 'You know it's 2025 when someone joins, leaves in 20 days, and still asks for a salary slip like they completed financial year closing,' she wrote in the post. 'We still paid, because work deserves reward. But some formalities? You gotta stick around a little longer for those.' (Also Read: 'I stopped using Google Pay': Sania Mirza's sister reveals why she deleted UPI apps) Check out her post here: In the WhatsApp exchange, the former employee politely asked for the slip, citing the need to submit proof of employment to their college. The professional responded by stating that salary slips were only provided to employees who worked a minimum of six months. That comment, and her tone, didn't go down well with LinkedIn users. How did social media users react? Critics were quick to call out the post as unprofessional and tone-deaf. 'A salary slip isn't a favour. It's a basic right, even if someone worked just 5 days,' one user wrote. Another said, 'I can't believe IIM Indore is producing such MBA graduates!' Some were especially irked by the phrasing, 'We still paid, because work deserves reward.' One user shot back, 'You're not doing anyone a favour. You hired someone. They worked. You paid. That's the law.' Another said, 'The audacity of you to to make this post is unmatched to anything that I have seen on LinkedIn.' As the criticism mounted, Singha posted a clarification, 'For all of you who have put your opinion here… I appreciate you putting forth what's right and what's legal. I had a meaningful conversation with Juan Manuel T this morning, and I realised we need stronger HR policies. We're going to put that into action as soon as possible.' (Also Read: Soft toy floats in front of Shubhanshu Shukla as Indian astronaut speaks from space)


New Indian Express
20 minutes ago
- New Indian Express
Indian banks still prefer funding fossil fuels project amid rising risk to investment: Report
NEW DELHI: Even as India aggressively pushes for a clean energy transition, Indian banks have substantially financed fossil fuel and coal-fired power projects—totalling approximately USD 29 billion between 2016 and 2023—which could hinder and complicate the path to achieving net-zero emissions, states a recent report. Prepared by Climate Risk Horizon, a Bangalore-based non-profit organisation that monitors climate-related risks for investors, the report highlights that the State Bank of India (SBI) and private lenders such as Axis Bank and ICICI Bank were among the top financiers of coal. Titled 'Stuck in the Past: Coal Ties Hinder Indian Banks' Energy Transition' the report indicates that India's leading banks invested around USD 29 billion in coal during the specified period. Of this amount, approximately USD 15.2 billion was provided as coal loans, while USD 13.5 billion was allocated to coal underwriting services Further segregating the data, the analysis shows that public banks provided roughly 75% of the coal loans while private banks financed roughly 83% of the total underwriting. According to the report, over these eight years, the amount of coal loans fluctuated significantly. Still, coal underwriting by Indian banks remained relatively stable with an average of USD 1.7 billion per year. Underwriting service is a process of mitigating risk for financial transactions by financial institutions by guaranteeing repayment in case of damage or financial loss.


Time of India
21 minutes ago
- Time of India
ENG vs IND 'could be 4-0 now': Michael Vaughan vs Wasim Jaffer banter continues after England's record win at Leeds
Former England skipper Michael Vaughan has intensified criticism of India's team management, issuing a sharp warning to head coach Gautam Gambhir and young captain Shubman Gill after India's five-wicket defeat in the opening Test at Headingley. Vaughan, who had initially predicted a 3-1 series win for England, updated his forecast to a 4-0 whitewash following the home side's impressive chase of a 371-run target, putting them 1-0 ahead in the five-match series. Known for his playful social media banter with former Indian opener Wasim Jaffer , Vaughan didn't hold back. Shortly after the match, he posted on X (formerly Twitter): — MichaelVaughan (@MichaelVaughan) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo 'Evening @WasimJaffer14.. Hope you are ok .. #1-0.' Jaffer responded: 'Happy that a young Indian team got you worried like this. Enjoy the win, Michael, we'll be back.' To which Vaughan cheekily replied: 'Could be 4-0 now, Wasim.' Live Events India's loss has intensified pressure on the team, particularly since five of their batters scored individual centuries in the match—a historic first for a side that still ended up on the losing end. This marks the first instance in Test cricket where a team with five centurions suffered a defeat. England's victory was powered by a stunning innings from opener Ben Duckett , who hammered 149 off just 170 balls in the fourth innings. His explosive knock laid the foundation for England's record run chase and earned glowing praise from Michael Vaughan, who hailed Duckett as the best all-format batter in the world at present. The defeat has triggered alarm within the Indian camp, raising serious concerns about team selection, strategic decisions, and the squad's ability to recover from setbacks under mounting pressure.