6h ago
EQT Tables Up to $2.1 Billion Binding Offer for IPL Franchise Royal Challengers Bengaluru
On March 15, 2026, Swedish private equity firm EQT Group prepared a binding bid valuing IPL side Royal Challengers Bengaluru between $2 billion and $2.1 billion, ahead of a March 16 deadline and expected March 31 closing. The potential deal would exceed a prior $1.8 billion non-binding proposal and comes as IPL valuations and media rights push cricket franchises toward a new global asset class.