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StocksMedium•25 March 2026•

1 min read

Blackstone and David Blitzer Acquire RCB Franchise for $1.78 Billion

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Key Facts

1A consortium including Blackstone and David Blitzer acquired the Royal Challengers Bengaluru franchise for $1.78 billion.

Version History

1 additional source confirmed this story

A consortium led by private equity giant Blackstone and sports investor David Blitzer has acquired the Royal Challengers Bengaluru (RCB) cricket franchise. The deal, valued at approximately $1.78 billion, involves the purchase of the team from United Spirits, a subsidiary of global beverage leader Diageo. This transaction marks a significant expansion of American private equity into the Indian Premier League (IPL), highlighting the league's global commercial appeal. The valuation sets a substantial new benchmark for IPL franchises, reflecting the high growth potential of the Indian sports and media market. For United Spirits and Diageo, the divestment provides a significant cash injection and allows for a sharper focus on core operations. Meanwhile, Blackstone continues to diversify its portfolio by tapping into high-value alternative assets within the international sports landscape.