David blitzer
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RCB Sold for $1.78 Billion: Full Story Behind IPL’s Biggest Franchise Deal
Just before the start of the IPL 2026, the takeover of two Indian Premier League (IPL) franchises was top news on the sports as well as business and economy pages. Let us talk about Royal Challengers Bengaluru (RCB) for the time being.
A consortium led by David Blitzer acquired RCB for $ 1.78 billion (INR 16,660 crore). His Bolt Ventures are joined by private equity firm Blackstone, the Aditya Birla Group, and The Times of India Group in the new ownership group, and they take over from previous owners Diageo, who had acquired RCB from United Spirits between 2012 and 2014.
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