Earlier this year, the Royals Group bought the Paarl-based team in the CSA T20 League.
Earlier this year, the Royals Group bought the Paarl-based team in the CSA T20 League and it will be known as Paarl Royals.
Moreover, they also own a team competing in the Caribbean Premier League, known as the Barbados Royals.
In an official statement released on the Rajasthan Royals website, the owners announced the name of the new team and said that the investment will help them to identify and develop world-class talent besides growing the fanbase.
"The Royals Sports Group has announced the official name of their newest T20 franchise, the ‘Paarl Royals’, who are set to play in Cricket South Africa’s upcoming flagship T20 tournament in 2023."
"This will be the third cricket franchise from the Royals Sports Group, after Rajasthan Royals in the IPL and Barbados Royals in the CPL. This investment enables us to further scout and develop world-class talent, grow our fanbase by bringing more fans into the Royals family and help extend the reach of the IPL too, in line with our core purpose of ‘Transforming Society through Sport, Transforming Sport through innovation’."
"The Paarl Royals will be based out of Paarl, a city in the Western Cape province of South Africa. Equipped with the best of operational and logistical facilities, the Boland Park Cricket Stadium in Paarl will be the team’s home ground during the tournament that is slated to kick off early next year," read the statement.
Paarl Royals also announced the signing of four players, including international stars Jos Buttler and David Miller. Obed McCoy and Corbin Bosch are also part of the team.
Notably, Buttler was already part of the Royals family as he has been playing for the Rajasthan-based franchise in the IPL since 2018. McCoy and Bosch were part of the RR squad this year while Miller had played for Rajasthan in the past.