The recent sale of two prominent Indian Premier League (IPL) franchises, Rajasthan Royals (RR) and Royal Challengers Bengaluru (RCB), has resulted in a combined acquisition value of $3.41 billion. A group led by US-based entrepreneur Kal Somani completed the purchase of RR for $1.63 billion. Simultaneously, a consortium that included the Aditya Birla Group, the Times Group, Bolt Ventures, and Blackstone acquired RCB for $1.78 billion. Following these transactions, analysts and sports business experts have expressed concerns regarding the valuations, with some noting the difficulty in comprehending these figures, especially when compared to the Torrent Group's earlier acquisition of Gujarat Titans for less than one billion dollars.
Source: https://indianexpress.com/article/sports/cricket/record-ipl-deals-rcb-and-rr-experts-warn-investment-bubble-10601296/
