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Blackstone's Chooses Cricket as First Sports M&A

Bloomberg
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⚡ Quantum Brief
A high-profile consortium led by Blackstone, Aditya Birla Group, The Times of India Group, and Bolt Ventures acquired the Royal Challengers Bengaluru cricket franchise in March 2026. This marks Blackstone’s first major sports M&A deal, signaling growing investor interest in cricket’s commercial potential. The consortium includes Indian billionaire Kumar Mangalam Birla and David Blitzer’s Bolt Ventures, blending local and global financial influence. The acquisition underscores cricket’s expanding appeal as a lucrative asset class beyond traditional markets like football and basketball. The deal reflects broader trends in sports investments, with private equity firms targeting high-growth leagues like India’s IPL.
Blackstone's Chooses Cricket as First Sports M&A

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Mar 25th, 2026Blackstone's Chooses Cricket as First Sports M&AA consortium led by Indian billionaire Kumar Mangalam’s Aditya Birla Group, The Times of India Group, David Blitzer’s Bolt Ventures and Blackstone has bought the Royal Challengers Bengaluru, in a major deal for cricket. Bloomberg's Scarlet Fu reports on "Bloomberg Deals." Duration:1:02Trump Will Go to China for Summit With Xi on May 14-15Balance of PowerDuration:2:43SpaceX Could Launch Largest IPO EverDuration:1:26Miran Says Fed Policy Is Holding the Economy BackDuration:4:06Oil Falls as Trump Awaits Iran's Response to Peace PlanThe Opening TradeDuration:1:16Lagarde Says ECB Won't Be 'Paralyzed by Hesitation' on IranDuration:2:55Griffin's Citadel Posts Record $12 Billion Trading HaulDuration:1:11Ares, Apollo Cap Private Credit Fund Withdrawals as Exodus GrowsDuration:4:22‘California’s in a Pickle’ on Oil and Gasoline, Analyst Pickering SaysSurveillanceDuration:1:46Iran Says Non-Hostile Foreign Ships Can Cross HormuzDuration:2:51Pimco’s Clarida Says ‘Bar Is High’ for a Fed Rate HikeDuration:6:57What Goldman's Insurance Survey Signals About Economy, PEDuration:4:31Danish Premier Wins Vote, Fails to Secure MajorityAvailable on:Listen onApple TVListen onRokuListen onSamsung TVListen onFire TVListen onAndroid TVListen onRakuten TVListen onHaystack NewsWatch BTV in your area:Channel Finder

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