Avram Glazer Bids for RCB and Rajasthan Royals

Avram Glazer, co-owner of Manchester United, has emerged as a leading bidder for two prominent Indian Premier League franchises, Royal Challengers Bengaluru and Rajasthan Royals, as both teams seek new ownership amid the league's booming valuations.

The bids, submitted through Glazer's investment firm Lancer Capital, value Royal Challengers Bengaluru at up to 1.8 billion dollars, positioning it among the highest offers for the franchise. Rajasthan Royals, the inaugural IPL winners in 2008, is estimated at 1.2 to 1.4 billion dollars. These figures surpass the combined 1.69 billion dollars paid for the league's two newest teams, Lucknow Super Giants and Gujarat Titans, in 2021. Non-binding initial bids were collected in January for Rajasthan Royals and early February for Royal Challengers Bengaluru, with a second round of negotiations underway for the former.

Eight investors have been shortlisted for Royal Challengers Bengaluru, including Lancer Capital, the Manipal Group led by Ranjan Pai, Serum Institute owner Adar Poonawalla, the Times Group, EQT Private Capital, Capri Global, U.S.-based businessman Sanjay Govil, and Premji Invest. For Rajasthan Royals, five bidders advanced:...