IPL Giants Royal Challengers Bangalore and Rajasthan Royals Set for Potential Sale Amid Billion-Dollar Bids

Two prominent teams from the Indian Premier League (IPL), Royal Challengers Bangalore (RCB) and Rajasthan Royals (RR), are preparing for a sale. Major global investors, including Avram Glazer, co-owner of Manchester United, are reportedly preparing bids exceeding one billion dollars to acquire these two franchises.

The estimated valuation of Bangalore and Rajasthan Royals could potentially surpass the combined sale price of the Lucknow and Ahmedabad teams ($1.69 billion) in 2021. Glazer's Lancer Capital, Ranjan Pai of the Manipal Group, Adar Poonawalla of the Serum Institute, the Times of India Group, and Premji Invest are among the major entities shortlisted for the Bangalore acquisition. Five investors have been shortlisted for Rajasthan.