RCB, RR get new suitor as US tycoon enters bidding race for IPL franchise

David Blitzer's interest has intensified the battle for stakes in RCB and Rajasthan Royals. With global investors now circling IPL franchises, the league's financial pull continues to grow beyond traditional cricket markets.

Royal Challengers Bengaluru and Rajasthan Royals have emerged as the latest IPL franchises to attract global investor attention, with American billionaire David Blitzer entering the race for a majority stake. The move signals the growing appeal of IPL ownership among international sports investors.

Blitzer, a co-founder of Harris Blitzer Sports & Entertainment and a senior executive at Blackstone, is currently evaluating investment opportunities in both franchises. Sources indicate that he is conducting detailed due diligence on RCB and RR before deciding his next move.

The development adds fresh momentum to what is fast becoming a high-stakes ownership race involving global heavyweights and Indian business leaders alike. Interest in IPL teams has surged amid soaring franchise valuations and expanding commercial revenues.

RCB, fresh off their maiden IPL title win in 2025, are understood to be valued at nearly $1.8 billion. The championship victory has significantly boosted their brand appeal and made them an even more attractive investment proposition.

Blitzer’s potential entry into the IPL ecosystem would also expand his already extensive global sports portfolio, which includes stakes in the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.

RCB’s current owners, Diageo through United Spirits Ltd., initiated a strategic review of their full stake in the franchise in November. The team was reportedly labelled a non-core asset in relation to Diageo’s primary alcohol business, prompting discussions around a potential sale.