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Aditya Birla Group and David Blitzer Consider Royal Challengers Bengaluru Bid
The Aditya Birla Group, led by Aryaman Birla, is partnering with American sports tycoon David Blitzer to explore bidding for Royal Challengers Bengaluru (RCB). This creates a three-way bidding war as Diageo seeks $2 billion for the IPL franchise.
The race to acquire Royal Challengers Bengaluru (RCB) has intensified. The Aditya Birla Group, with Aryaman Birla at the helm, has joined forces with American sports tycoon David Blitzer to assess a potential bid. The Birla-Blitzer consortium is already a frontrunner to acquire a majority stake in Rajasthan Royals (RR). According to Moneycontrol, the entry of this heavyweight duo transforms the RCB sale into a fierce competition. The deadline for bids is March 31, set by current owner Diageo through United Spirits. Other contenders include a consortium led by Dr. Ranjan Pai (Manipal Hospitals), backed by KKR and Temasek, and a joint bid from EQT and Premji Invest.
Key Facts
- The Aditya Birla Group and David Blitzer are evaluating a bid for Royal Challengers Bengaluru (RCB).
- The Birla-Blitzer consortium is already a frontrunner to acquire a majority stake in Rajasthan Royals.
- Diageo is reportedly seeking $2 billion for a 100% stake in Royal Challengers Sports Private Limited (RCSPL).
- Binding bids are currently hovering between $1.6 and $2 billion, according to market insiders.
- Other bidders include a consortium led by Dr. Ranjan Pai, backed by KKR and Temasek.
- EQT and Premji Invest have also submitted a joint bid.
- The deadline for bids is March 31.