Blackstone Chairman Stephen Schwarzman publicly celebrated RCB’s back-to-back IPL titles in team gear during an internal corporate meeting.
In March 2026, a Blackstone-backed consortium acquired 100% of the RCB franchise from Diageo for an enterprise valuation of $1.78 billion.
The buyout reflects a massive evolution in how global private equity views Indian sports, treating IPL franchises as highly scalable, cash-flowing alternative assets.
IPL ownership grants foreign capital unparalleled access to India’s most exclusive corporate and governmental networking circles.
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