American billionaire David Blitzer wants to buy an IPL team! He’s currently looking at the RCB ownership bidding race and Rajasthan Royals seriously. This creates an absolutely massive bidding war for franchises.
Blitzer co-founded Harris Blitzer Sports & Entertainment successfully. His family office BOLT Ventures reached the second round of negotiations. The due diligence process is happening right now actively.
RCB’s valuation stands at a staggering $1.8 billion currently! That’s an enormous amount for any cricket franchise. Three sources confirmed this jaw-dropping number recently.
The Intense Bidding War Heats Up Ahead of IPL 2026
Blitzer faces tough competition from some seriously wealthy people. Manchester United co-chairman Avram Glazer submitted initial bids for both teams. He also owns the NFL’s Tampa Bay Buccaneers.
Global investment giants KKR and Blackstone are evaluating these opportunities too. Indian tycoons like Adar Poonawalla and Ranjan Pai entered the race. Poonawalla plans a “strong and competitive bid” for RCB specifically.
Everyone wants a piece of these profitable franchises badly. Final bids are due by mid-March 2026. The BCCI must ultimately approve any deal.
Why IPL Teams Are So Valuable Now
The numbers explain everything about this bidding frenzy. RCB reported $56 million in revenue for 2024-25. That represents a 73% increase over three years!
Rajasthan Royals performed even better financially. Their revenue jumped 136% during the same period. These growth rates attract billionaires from everywhere globally.
IPL’s overall valuation hit $18.5 billion last year. Houlihan Lokey calculated this record-breaking figure officially. The league keeps growing stronger every season.
IPL 2026 starts March 26 with 84 matches scheduled. Two months of non-stop cricket action await fans. The tournament generates massive revenues for team owners.
Current Ownership Situations
Diageo owns 100% of RCB currently. The UK drinks giant initiated a strategic review in November 2024. They consider the cricket team “non-core” to their business.
Manoj Badale owns the majority stake in Rajasthan Royals. The London-based venture capitalist might sell his holdings. Raine Group advises the Rajasthan Royals professionally.
Citigroup manages the sale process for RCB. Both Blitzer and Glazer are forming consortia with investors. They’re talking to debt providers for funds.
Adar Poonawalla runs the Serum Institute of India. Ranjan Pai chairs Manipal Education and Medical Group. Both Indian billionaires want RCB ownership desperately.
This bidding war shows IPL’s global appeal. Cricket franchises have become incredibly valuable. The winner will own sports’ hottest properties!
