David Blitzer Joins Mega RCB Ownership Race as IPL Valuations Hit Record High: The business side of the Indian Premier League is making global headlines as American billionaire David Blitzer has entered the race to acquire a majority stake in Royal Challengers Bengaluru (RCB). The move has triggered a high-profile international bidding war and highlights the growing financial power of the IPL as one of the world’s most valuable sports leagues.
RCB, the 2025 IPL champions, is currently being valued at around $1.8 billion, reflecting the league’s massive commercial growth and investor confidence.
Who is David Blitzer?
David Blitzer is a global sports investor and business executive with a strong presence across major leagues.
Key Profile
| Detail | Information |
|---|---|
| Net Worth | Approx. $3.6 Billion |
| Role | Co-founder, Harris Blitzer Sports & Entertainment |
| Corporate Background | Senior executive at Blackstone |
| Family Office | BOLT Ventures |
| Existing Teams | Philadelphia 76ers (NBA), New Jersey Devils (NHL) |
If the deal goes through, this would expand Blitzer’s sports portfolio into cricket and give him a stake in one of the fastest-growing sports markets in the world.
RCB and Rajasthan Royals Under Evaluation
Blitzer is currently conducting due diligence on two IPL franchises:
- Royal Challengers Bengaluru (RCB)
- Rajasthan Royals (RR)
His investment firm has reportedly moved into the second round of negotiations, and serious financial planning is underway, including discussions with investors and debt providers to form a consortium.
$1.8 Billion Valuation: Why RCB is in High Demand
RCB’s valuation reflects strong commercial performance and brand growth.
Financial Growth Overview
| Franchise | Key Financial Update |
|---|---|
| RCB | Valued at approx. $1.8 billion |
| Revenue (2024-25) | $56 million |
| Growth | 73% increase over three years |
| Rajasthan Royals | 136% revenue growth in the same period |
The IPL itself has been valued at around $18.5 billion, making it one of the most lucrative sports leagues globally.
Why the Stake is Available
RCB is owned by the India arm of a UK-based beverage company, which has launched a strategic review of its full ownership. The franchise has been classified as non-core to its primary business, opening the door for potential investors.
Meanwhile, Rajasthan Royals continues to be majority-owned by London-based investor Manoj Badale, but the franchise is also part of ongoing strategic discussions.
Global Heavyweights Enter the Bidding War
Blitzer is not alone. Several powerful investors are competing for control of IPL teams.
Key Bidders
- Avram Glazer – Co-chairman of Manchester United, owner of the Tampa Bay Buccaneers (NFL)
- Adar Poonawalla – CEO, Serum Institute of India
- Ranjan Pai – Chairman, Manipal Education & Medical Group
- Global investment firms and financial institutions exploring partnerships
Both Blitzer and Glazer are working to build consortium-based bids to secure majority ownership.
Advisors and Deal Timeline
The sale process is being handled by top global financial firms:
| Franchise | Advisor |
|---|---|
| Royal Challengers Bengaluru | Citigroup |
| Rajasthan Royals | Raine Group |
Timeline
- Final bid deadline: Mid-March
- IPL 2026 season starts: March 26
- Approval required from: Board of Control for Cricket in India (BCCI)
Any ownership change must be cleared by the BCCI before completion.
For fans, the team’s on-field operations are expected to remain unchanged, but the business side could see major transformation.
The race for Royal Challengers Bengaluru marks a new chapter in the IPL’s evolution. With billionaires from across the world competing for ownership, the league is no longer just a cricket tournament—it has become a global sports investment powerhouse. If David Blitzer succeeds, RCB could soon have one of the most influential international owners in world cricket.
FAQs
Q1. How much is RCB currently valued at?
RCB is valued at around $1.8 billion.
Q2. Who is trying to buy RCB?
US billionaire David Blitzer, along with other global and Indian investors including Avram Glazer.
Q3. When will the final decision be made?
Final bids are expected by mid-March, subject to BCCI approval.
Q4. Why is RCB being sold?
The current owner has started a strategic review and considers the franchise non-core to its main business.
Q5. How big is the IPL financially?
The IPL is valued at approximately $18.5 billion.
