Rajasthan Royals, owned by Emerging Media, represents the state of and is Chaired by Manoj Badale. Other investors include Lachlan Murdoch, Aditya S Chellaram and Suresh Chellaram. 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. Bollywood Actress and Celebrity Big Brother winner Shilpa Shetty and her business partner Raj Kundra paid approximately US $15.4 million for a 11.7% stake.