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Billionaire Blitzer Pushes for RCB, Royals Majority Stakes

2/26/2026

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Summary

Story summary

David Blitzer, billionaire investor and head of Bolt Ventures, is intensifying his bid to gain a majority stake in Royal Challengers Bengaluru and Rajasthan Royals.
RCB is valued at about $1.8 billion.
Bolt Ventures backs Blitzer's bid.
The sale is managed by Citigroup for RCB and Raine Group for Rajasthan Royals, with bids due in mid-March and the IPL season starting March 26, competition from Avram Glazer and Blackstone.

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Story summary

David Blitzer, billionaire investor and head of Bolt Ventures, is intensifying his bid to gain a majority stake in Royal Challengers Bengaluru and Rajasthan Royals.
RCB is valued at about $1.8 billion.
Bolt Ventures backs Blitzer's bid.
The sale is managed by Citigroup for RCB and Raine Group for Rajasthan Royals, with bids due in mid-March and the IPL season starting March 26, competition from Avram Glazer and Blackstone.