David Blitzer and Blackstone-backed group snaps up Indian cricket franchise for $1.8 billion [CNBC]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
Company Research
Source: CNBC
Diageo-owned United Spirits sold its Indian Premier League franchise, RCB, to the consortium for nearly $1.78 billion. A 2025 report by U.S. investment bank Houlihan Lokey values the business of the Indian Premier League at $18.5 billion. In this article Royal Challengers Bengaluru's players celebrate with the trophy after winning the Women's Premier League (WPL) Twenty20 final cricket match against Delhi Capitals at the Kotambi Stadium in Vadodara on February 5, 2026. (Photo by Shammi MEHRA / AFP via Getty Images) / -- IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE -- Shammi Mehra | Afp | Getty Images A consortium comprising Blackstone, serial American sports investor David Blitzer, among others, has acquired the Indian Premier League's Royal Challengers Bengaluru franchise in a 166 billion rupees ($1.78 billion) deal. The transaction underscores investor interest in the IPL, often dubbed as the world's richest cricket league. A report by U.S. investment
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- Diageo Exits RCB IPL Team As Investors Weigh Depressed Share Price [Yahoo! Finance]Yahoo! Finance
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- Diageo (DEO) was upgraded by BNP Paribas Exane from "underperform" to "neutral".MarketBeat
- Diageo (DEO) was upgraded by Zacks Research from "strong sell" to "hold".MarketBeat
- Billionaire Kumar Birla, Blackstone To Buy Royal Challengers For $1.8 Billion Amid Bidding Frenzy For Indian Cricket Teams [Yahoo! Finance]Yahoo! Finance
DEO
Sec Filings
- 3/4/26 - Form F-3ASR
- 3/2/26 - Form 6-K
- 2/25/26 - Form 6-K
- DEO's page on the SEC website