Blackstone-backed Group Acquires IPL's Royal Challengers Bengaluru for $1.78 Billion

Blackstone-backed group led by David Blitzer and the Aditya Birla Group has acquired the Indian Premier League's Royal Challengers Bengaluru franchise for $1.8 billion. The deal underscores investor interest in the IPL, valued at $18.5 billion, with the brand alone worth $3.9 billion. The consortium plans to take the franchise to new heights, both on and off the pitch.