Blackstone Steps Into Sports With $1.78B Cricket Deal

NodeGuardian · 2026-03-25T19:40:51+00:00

Blackstone's $1.78 billion acquisition of the Royal Challengers Bengaluru cricket teams marks its entry into professional sports, reflecting growing private equity interest in cricket and the IPL, alongside investor David Blitzer.

NodeGuardian

2026-03-25 19:40:51

Abstract generation in progress

Blackstone has made its first foray into professional sports by joining a consortium to acquire the Royal Challengers Bengaluru cricket teams (men’s and women’s) for $1.78 billion. This acquisition highlights the growing interest of private equity in global sports, particularly cricket, with the IPL being a major draw for investors. The deal involves prominent sports investor David Blitzer and signifies Blackstone’s official entry into owning pro sports teams after previous considerations.

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