US-India investor group buys IPL cricket team for nearly $2 billion

A consortium of investors from the US and India has purchased the Indian Premier League cricket team Royal Challengers Bengaluru (RCB) for approximately $1.78 billion. The group includes the Aditya Birla Group, the Times of India Group, Bolt Ventures, and Blackstone. The deal is part of a broader trend of high-value transactions in the IPL ahead of the 2026 season.