IPL 2026: US Billionaire David Blitzer Enters Race for RCB and Rajasthan Royals. The IPL ownership race has entered a decisive middle-overs phase. American billionaire David Blitzer has moved into the second round of bidding. He is targeting a majority stake in Royal Challengers Bengaluru or Rajasthan Royals. Blitzer is making the move through his family office.
The timing adds extra spice to the contest. RCB arrive as reigning IPL 2025 champions. They dramatically clinched their maiden title. The summit clash win came against the Punjab Kings. That triumph transformed their brand value overnight. RCB is currently owned by United Spirits. The franchise is valued at approximately $1.8 billion. Reports indicate a staggering 73 per cent revenue surge. Commercial numbers now match their on-field momentum.
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Blitzer’s record with other teams
Blitzer is no stranger to elite sporting ecosystems. He co-owns the Philadelphia 76ers in the NBA. He also holds a stake in the New Jersey Devils. His portfolio reflects deep experience in franchise management. His potential entry highlights cricket’s growing global appeal. Competition in the bidding arena remains fierce. Avram Glazer is also in advanced discussions. Glazer is associated with Manchester United. Indian industrialist Adar Poonawalla is among the key contenders. Private equity majors KKR and Blackstone are tracking the process closely.
Final binding bids are expected by mid-March. Any transaction requires clearance from the Board of Control for Cricket in India. Regulatory approval remains a crucial final hurdle. The intense boardroom battle mirrors the IPL’s financial boom. Franchise valuations now rival established European football institutions.
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Broadcast deals and sponsorship revenues continue to soar. Global investors see IPL teams as long-term premium assets. The next ownership chapter could redefine commercial cricket. For now, the contest remains finely poised. Much like a tense Super Over, margins will decide the winner.