The race has become intense as the American billionaire is in serious talks with two IPL franchises - Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR).
It is being said that the discussions are valuing the Royal Challengers Bengaluru at about $1.8 billion, which highlights the growing interest of global investors.
A source close to the development confirmed to this portal that Blitzer, who co-owns Harris Blitzer Sports & Entertainment, is carefully checking the details of RCB and RR, and he is serious about buying a massive stake in one of these IPL franchises.
Glazer vs Blitzer: Global Giants Clash
Blitzer already owns stakes in top American teams like the Philadelphia 76ers and the New Jersey Devils. Buying an IPL team will add cricket to Blitzer’s powerful sports empire.
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Why does everyone want an IPL team?
The IPL has become a money machine. The defending champions, Royal Challengers Bengaluru, now carry a mind-blowing value of around $1.8 billion. That number has shocked the sports world. Revenues have grown strongly in the last three years. They reported $56 million in revenue in 2024-25, a 73% increase over the last three years.
Alcohol giant Diageo, which owns RCB, decided to sell the IPL franchise, as they see it as non-core to their liquor business. Advisory firms are running the sale process, while Raine Group is guiding Rajasthan Royals and Citigroup is handling the Bengaluru side.
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