Final bidders emerge as franchise nears record-breaking deal
March 18, 2026: The sale of Royal Challengers Bengaluru has entered its final phase, with the IPL 2025 champions reportedly valued at nearly $2 billion (₹16,700 crore). If sealed at this price, the deal would make RCB the most expensive franchise in Indian Premier League history and one of the most valuable sports teams globally. The soaring valuation has turned the sale into one of the biggest financial stories in the sporting world.
The bidding race has now narrowed to two key contenders. One is Swedish private equity firm EQT, possibly in partnership with Premji Invest. The other is a strong consortium led by Ranjan Pai of the Manipal Group, along with KKR and Temasek. Several high-profile bidders, including Avram Glazer and Adar Poonawalla, have exited the race as the valuation surged.
The process is being handled by The Raine Group, known for major sports deals like Chelsea FC and Manchester United. Current owners Diageo are expected to close the deal by March 31, 2026. While the existing management will continue through the IPL 2026 season, the new owners are likely to take full control ahead of the 2027 season.