The IPL continues to grow in value, attracting various investors who are looking to buy teams, either in part or fully. Reports at the beginning of 2026 revealed that Diageo has put RCB up for sale, while RR is considering selling a majority stake. This has led to a competitive bidding scenario between the two teams.
According to Reuters, two prominent private equity firms, KKR and Blackstone, are preparing to venture into the IPL market. The league’s valuation reached $18.5 billion in 2025, catching the eye of global investors. Both firms are reportedly interested in acquiring stakes in RCB or RR, prompted by CVC Capital’s successful exit from GT, highlighting the league’s investment potential.
The report details that CVC Capital completed its deal after owning the franchise for four years, resulting in a $900 million transaction.
The four entities involved—Blackstone, KKR, Partners Group, and Royal Challengers Bengaluru—did not provide any comments on the matter. Rajasthan Royals did not respond to inquiries, and sources familiar with the situation preferred to remain anonymous. None of the parties have issued official statements regarding the ongoing negotiations.
Current estimates value the RCB franchise between $1.5 billion and $2 billion. The auction process has now entered its second phase, following bids from Lancer Capital, Adar Poonawalla, Manipal Group, and Adani Group. IPL teams have seen significant revenue growth, leading to their financial success. MI’s revenue jumped from $34 million in 2022 to $73 million. RCB’s revenue rose from $32 million to $56 million, CSK grew from $38 million to $72 million, KKR expanded from $35 million to $77 million in 2025, and PBKS increased from $31 million in 2022 to $73 million.
