IPL Team Royal Challengers Bengaluru Gets $1.8 Billion Takeover Deal

Royal Challengers Bengaluru players celebrate after winning the 2025 IPL Final match at Narendra Modi Stadium in Ahmedabad, India on June 3. — Royal Challengers Bengaluru players celebrate after winning the 2025 IPL Final match at Narendra Modi Stadium in Ahmedabad, India on June 3.
Photographer: Pankaj Nangia/Getty Images

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By Anto Antony, Dinesh Nair, and Preeti Singh

March 24, 2026 at 2:35 PM UTC

Updated on

March 24, 2026 at 3:51 PM UTC

A consortium led by Indian billionaire Kumar Mangalam’s Aditya Birla Group, The Times of India Group, David Blitzer’s Bolt Ventures and Blackstone has bought the Royal Challengers Bengaluru, in a major deal for cricket.

The Indian Premier League franchise is valued at about $1.8 billion, according to a statement Tuesday, confirming an earlier Bloomberg report. The deal follows a strategic review by United Spirits Ltd., the Indian unit of Diageo Plc, which owns the franchise through Royal Challengers Sports Pvt.