David Blitzer Joins Bidding for IPL Teams Royal Challengers Bengaluru and Rajasthan Royals

Billionaire David Blitzer is conducting due diligence to acquire a majority stake in Indian Premier League teams Royal Challengers Bengaluru (RCB) and Rajasthan Royals, valued at around $1.8 billion for RCB. This has sparked a bidding competition involving Manchester United co-chairman Avram Glazer and Indian investors like Adar Poonawalla and Ranjan Pai. Diageo, RCB's current owner, has set a mid-March deadline for binding bids amid growing global interest driven by the IPL's rising valuations and revenues.