Blackstone-backed Group Acquires IPL's Royal Challengers Bengaluru for $1.78 Billion
ByAinvest
Tuesday, Mar 24, 2026 10:43 pm ET1min read
BX--
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.
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