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A flurry of blockbuster deals ahead of the Indian Premier League (IPL) 2026 has reshaped the league’s ownership map.
A consortium led by the Aditya Birla Group with Times of India Group, Bolt Ventures and Blackstone has signed to buy Royal Challengers Bengaluru (RCB) for about $1.78 billion, a transaction that covers both the men’s IPL and women’s WPL teams and names Aryaman Vikram Birla as expected chairman and Satyan Gajwani vice-chair.
Separately, a US-led group headed by tech entrepreneur Kal Somani has agreed to acquire Rajasthan Royals for roughly $1.63 billion, with reported backing from investors linked to Walmart and US sports families.
Both purchases are subject to approvals from the Board of Control for Cricket in India, the Competition Commission of India and other regulators, with handovers expected after the 2026 season.
The deals follow a jump in league revenues and valuations — recent broadcast cycles topped $6 billion and RCB reported about $56 million revenue in 2024-25 — and come as RCB seeks to rebuild public trust after a 2025 stadium stampede; the club has announced tributes and strengthened crowd-management measures as it prepares to host matches.






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