Royal Challengers Bengaluru and Rajasthan Royals have emerged as the latest IPL franchises to attract the attention of global investors, with American billionaire David Blitzer entering the race for a majority stake. The move signals the growing appeal of IPL ownership among international sports investors.
Blitzer, co-founder of Harris Blitzer Sports & Entertainment and a Blackstone executive, is currently evaluating investment opportunities in both franchises. Sources suggest that he is doing detailed due diligence on RCB and RR before deciding on the next step.
The development adds new momentum to what is fast becoming a high-stakes ownership race involving global heavyweights as well as Indian business leaders. Interest in IPL teams has surged due to skyrocketing franchise valuations and rising commercial revenues.
Fresh off winning the 2025 IPL title, RCB is worth nearly $1.8 billion. Winning the championship significantly increased the attractiveness of their brand and made them an even more attractive investment proposition.
Blitzer’s potential entry into the IPL ecosystem would also expand his already extensive global sports portfolio, which includes stakes in the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.
Why are RCB for sale?
RCB’s current owners, Diageo through United Spirits Ltd., launched a strategic review of their full stake in the franchise in November. The team has reportedly been designated as a non-core asset in relation to Diageo’s primary alcohol business, prompting discussions of a potential sale.
With franchise revenues soaring and the IPL’s overall valuation continuing to grow, the timing of the move has opened the door for many investors to explore ownership options in one of the league’s most respected teams.
Who are the suitors for RCB?
Blitzer is not alone in the race.
Manchester United co-owner Avram Glazer is also believed to have made an initial bid through his investment company Lancer Capital. His entry adds a strong football ownership presence to the IPL ownership conversation.
Several Indian business leaders are also in the mix. Serum Institute of India CEO Adar Poonawalla has publicly stated his intention to make a rival bid for RCB, while Manipal Group chairman Ranjan Pai is also exploring a stake in the Bengaluru franchise.
With the consortium discussions ongoing and final bids expected soon, the battle for the ownership of RCB and Rajasthan Royals is shaping up to be one of the most closely watched off-field contests in IPL history.
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Issued by:
Debodinna Chakraborty
Published on:
February 26, 2026
