Royal Challengers Bengaluru Sold Days Before Season Opener

The Royal Challengers Bengaluru are gearing up for their 2026 IPL T20 cricket season opener in a few short days. However, there is some magic happening behind the scenes that might make the start date a more joyous occasion.

Sales happen often in sports, after all. On March 24th, 2026, it was announced that Kal Somani and a consortium of investors had bought the Rajasthan Royals in the IPL. They purchased the organization for $1.6 billion, the highest price ever paid for an IPL team.

At least, until a sale of the RCB goes through.

A new report suggests a frontrunner to purchase the RCB franchise, with a deal expected to be announced very soon.

RCB Sold to Consortium of Investors

Following in RR’s footsteps, RCB is reported to have been sold to a consortium of investors.

MoneyControl reports that this is a done deal, with an announcement expected shortly.

“A consortium of Aditya Birla Group, American sports investor David Blitzer, US private equity firm Blackstone, and Times of India has emerged as the front-runner to acquire Diageo-owned IPL franchise Royal Challengers Bengaluru, multiple industry sources in the know told Moneycontrol,” the report states. “An official announcement on the proposed transaction is expected shortly, these sources added. They spoke on the condition of anonymity.”

They are expected to purchase the franchise for $1.8 billion.

David Blitzer: Who is He? How Much is He Worth?

David Blitzer runs the tactical opportunities group at Blackstone. He has invested in multiple teams across several different leagues and continents.

Here is what you need to know about Blitzer.

How Much is David Blitzer Worth?

Blitzer is worth $4 billion, according to Forbes. He is ranked 1074th on the Forbes Billionaires list.

What Teams Does David Blitzer Own?

Additionally, Blitzer has stakes, full ownership, or partial ownership with the following franchises and leagues:

Philadelphia 76ers of the NBA

New Jersey Devils of the NHL

Crystal Palace (English soccer club)

Cleveland Guardians of the MLB

Real Salt Lake of the MLS

Utah Royals of the NWSL

Washington Commanders of the NFL

Who is David Blitzer?

Blitzer is a 56-year-old married man with five children. He currently resides in New York. He graduated from The Wharton School of Pennsylvania with a Bachelor of Arts/Science degree.

RCB Opening Match is Rapidly Approaching

The sale of the franchise comes just days before they are scheduled to begin their 2026 IPL season. At the time of this writing, only the first phase of the schedule has been released. The rest of the schedule is expected to be made public in the next few days.

RCB only has four matches scheduled at this time. They open their season against the Sunrisers Hyderabad on March 28th, 2026.

Click here to read article