Royal Challengers Bengaluru (RCB) have been acquired by a consortium including the Aditya Birla Group, US-based sports investor David Blitzer, private equity giant Blackstone, and the Times of India. The deal, valued at USD 1.78 billion, covers both the men’s and women’s teams, marking a significant moment in the IPL. The acquisition signifies RCB’s growth in commercial value and on-field success. A definitive agreement has been signed with United Spirits Limited to acquire a 100% stake in the franchise. The consortium, led by the Aditya Birla Group, is committed to nurturing RCB’s legacy and global appeal. RCB, the reigning IPL champions, attracted interest from global investors due to their commercial appeal. The consortium aims to build on the franchise’s championship success and global appeal. The acquisition is seen as a transformative move for RCB’s next phase of growth. Additionally, Rajasthan Royals are set for an ownership change with a US-based consortium led by tech entrepreneur Kal Somani in discussions to acquire the franchise for USD 1.63 billion. The sale is subject to BCCI approval.
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