Indian Cricket Team Sold for $1.78B to Blackstone, Bolt Ventures

The Royal Challengers Bengaluru of cricket’s Indian Premier League is selling for about $1.78 billion to an investor group including Blackstone, marking the first sports investment for the world’s largest alternative asset manager. Also part of the consortium is David Blitzer’s Bolt Ventures, as well as Indian conglomerates Aditya Birla Group and The Times of […]