Avram Glazer Bids $1.8 billion for Royal Challengers Bengaluru

Avram Glazer, co-owner of Manchester United, has submitted a bid to acquire Indian Premier League franchise Royal Challengers Bengaluru, according to people familiar with the matter. The move highlights growing global investor interest in the lucrative IPL ecosystem.

Sources said Glazer’s bid values the Bengaluru-based cricket team at around $1.8 billion. The people requested anonymity, as the discussions are private and ongoing. The potential acquisition comes at a time when IPL franchise valuations continue to surge, driven by expectations of sustained media rights growth and expanding international fan bases.

Other reported suitors include major investment firms such as Blackstone Inc. and Carlyle Group, along with several Indian business leaders. The competitive interest underscores the strong commercial appeal of IPL teams, which have increasingly attracted global capital.

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Current owner Diageo Plc is exploring the sale of part or all of Royal Challengers Bengaluru and is said to be seeking a valuation of up to $2 billion. The franchise, which won the IPL T20 title last year, remains one of the league’s most high-profile teams as investors bet on the tournament’s long-term media and revenue growth trajectory.

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