A consortium of four prominent investors has signed a definitive agreement to buy Indian Premier League franchise Royal Challengers Bengaluru from United Spirits Limited, a subsidiary of Diageo, in a transaction valued at $1.78 billion.
The buying group brings together Aditya Birla Group, The Times of India Group, Bolt Ventures – the private investment platform of sports investor David Blitzer – and Blackstone, through its private equity arm BXPE. The deal covers the full stake in RCB, taking in both the men’s and women’s franchises. Closing remains contingent on sign-off from the Board of Control for Cricket in India (BCCI), the IPL Governing Council and other relevant regulators.
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