New Delhi, May 6 -- The consortium led by Arizona-based tech entrepreneur Kal Somani expressed disappointment on Tuesday over the process that led to the sale of IPL's Rajasthan Royals franchise. A statement by members of that group said: "We are deeply disappointed not to be part of the Rajasthan Royals ownership group, following a long six-month process in which we were the lead bid from start to finish." The sale of RR was announced on Sunday in a $1.65 billion deal that makes steel magnate Lakshmi Mittal the majority shareholder (75% stake), pending approvals. Adar Poonawalla, the Serum Institute of India CEO, picked up 18% with the remaining 7% retained by existing shareholders, including founder Manoj Badale. RR also owns Paarl Royals...