Royal Challengers Bangalore Becomes Most Expensive IPL Team in History After $1.78 Billion Acquisition

New Delhi. Defending champions Royal Challengers Bangalore (RCB) of the Indian Premier League (IPL) have set a new record by becoming the most expensive team in IPL history. RCB has been acquired for $1.78 billion (INR 16,706 crore).

With this sale, Bangalore has surpassed the record recently set by Rajasthan Royals as the most expensive team. According to a Cricbuzz report, both the men's and women's teams of RCB have been jointly purchased by the Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone Perpetual Private Equity. Previously, Rajasthan Royals held the record after being bought for $1.63 billion by a consortium led by Indian-origin American businessman Cal Somani.