The sale of the renowned IPL franchise, Royal Challengers Bangalore (RCB), has now reached its final stage. According to media reports, only two major contenders remain in the race. Bidding is expected to surpass the $2 billion mark (approximately ₹18,495 crore), a figure that could make this one of the largest deals in the history of the IPL.
A Contest Between Two Major Contenders
According to a report by *The Indian Express*, EQT—a Swedish private equity firm—has submitted a substantial bid. On the other side stands a consortium comprising Ranjan Pai, Kohlberg Kravis Roberts & Co. (KKR), and Temasek. Previously, the race featured several prominent names—including the Glazer family and Adar Poonawalla—but they have since decided to withdraw.
Deal Expected to Conclude by March 31
According to market sources, Diageo—RCB's current parent company—has set a deadline of March 31 for finalizing the deal. The Glazers had initially submitted a non-binding bid of $1.8 billion; however, EQT has raised the stakes, pushing the offer close to the $2 billion mark. The process has now evolved into a direct bidding war.
Interest in Rajasthan Royals as Well
Meanwhile, several investors have also come forward expressing interest in acquiring the Rajasthan Royals franchise. Reports indicate that three parties have submitted binding bids, with the Aditya Birla Group emerging as the frontrunner. The franchise is currently valued at between $1.1 billion and $1.35 billion—or approximately ₹10,172 crore to ₹12,484 crore. This transaction is being overseen by The Raine Group, the firm that previously managed the sale of franchises for 'The Hundred' cricket tournament. It is reported that the Aditya Birla Group has submitted its bid in partnership with American investor David Blitzer. The deadline for this deal is also reported to be March 31.
The Rising Value of the IPL
These massive bids make it clear that the brand value of IPL teams is continuously on the rise. The interest shown by global investors is transforming this league into one of the world's most attractive sports leagues.
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