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Avram Glazer Bids £1.3 Billion for IPL Team Amid Competition

2/7/2026

36 3 Full Breakdown

Summary

Story summary

Avram Glazer, owner of Manchester United, seeks to buy an IPL team, bidding £1.3 billion for Royal Challengers Bengaluru or Rajasthan Royals.
The Glazers have bid about $1.8 billion for Bengaluru, facing eight other bidders.
The Board of Control for Cricket in India prohibits multi-franchise ownership, so the Glazers may need to choose between the two teams if successful.
The Glazers also own the Desert Vipers in the UAE's ILT20.

History

Historical Context

In 2008, the Board of Control for Cricket in India implemented regulations against multi-franchise ownership, significantly affecting the Indian Premier League's structure. This led to independent success for franchises like Chennai Super Kings and Mumbai Indians. Avram Glazer's £1.3 billion bid for a franchise underscores ongoing complexities in ownership rules, which continue to influence global sports franchise dynamics today.

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Story summary

Avram Glazer, owner of Manchester United, seeks to buy an IPL team, bidding £1.3 billion for Royal Challengers Bengaluru or Rajasthan Royals.
The Glazers have bid about $1.8 billion for Bengaluru, facing eight other bidders.
The Board of Control for Cricket in India prohibits multi-franchise ownership, so the Glazers may need to choose between the two teams if successful.
The Glazers also own the Desert Vipers in the UAE's ILT20.

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