The franchise is currently owned by Royal Multisport Pvt. Ltd., formerly known as Jaipur IPL Cricket Pvt. Ltd. Articles clearly state that payments "were not received in accordance with regulations. The company approached FIPB repeatedly, but their claims were rejected. Ranjit Barthakur and Fraser Castellino held 5,000 shares each in Jaipur IPL. The shares were then sold to EM Sporting Holdings Ltd. Mauritius, and Emerging Media, UK, at par value"